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Elham AbolFateh

Business

US، China consent to suspend trade war، retaliatory measures

Sunday 20/May/2018 - 08:51 PM
Sada El Balad
Ahmed Moamar
US Treasury Secretary Steven Mnuchin، said the that U.S.A and China have consented to suspend the trade war after two days of fruitful talks. 
He claimed that the dual negotiations achieved progress.
However، China refused reluctantly to reduce trade surplus with the United Stade to a defined level.
Munchin added the US delegate had commitments of their Chinese negotiators.
Those commitments will work on diminishing the trade deficit by time. 
China pledged to increase purchases of energy from the U.S.A.
S. Munchin revealed that Trump Administration has approved of suspending the retaliatory tariff worth of $ 150 billion against China.
Over the recent weeks، China has threatened to respond to the unilateral measures taken by Washington.
But it seemed that Beijing retreated of the brink of the abyss. 

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