China to increase imports from US under trade agreement

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It is claimed that China has promised to import $ 200 billion under the first phase of the trade agreement with the US.

According to the South China Morning Post, Beijing’s government has committed to import US $ 200 billion within two years.

China will make these imports in sectors such as energy, services, agriculture and industry.

Industry is in the first place with 75 billion dollars among the sectors, China within this scope of 50 billion dollars of energy, 40 billion dollars of agricultural products and 35 billion dollars of services to purchase.

The first phase trade agreement between the US and China is expected to be signed this week.

US and China trade war

The trade war between the United States and China began with US President Donald Trump’s additional tariffs on certain products imported from China in March 2018.

The trade war expanded from soybeans to automotive parts, from technology companies to Chinas technology nesting program “Made in China 2025” and the use of rare elements as key trumps in the production of key technologies.

Chinese Deputy Prime Minister Liu Hı’s “chief negotiator” attended the meetings, the delegation from the two sides of the Washington-Beijing-Shanghai line, and almost 13 rounds, but did not get results.

At the beginning of the month, the Chinese Ministry of Commerce announced that it had agreed to gradually reduce the additional taxes from the US during the trade war.





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