News from Argentina at the G20 summit, the Chinese President xi jinping, was invited to the President of the United States in Buenos Aires trump dinner and meeting, after two and a half hours of the meeting, the two heads of state reached a consensus: the United States next year on January 1, not $200 billion more duties were imposed on Chinese imports, the two sides will also stepped up in a direction to cancel all tariffs, the Chinese side will expand to buy American goods, to ease the trade imbalance between the two sides.
During the meeting, President xi jinping pointed out that China and the United States share important responsibilities in promoting world peace and prosperity. A sound china-us relationship serves the fundamental interests of the two peoples and is widely expected by the international community. Cooperation is the best choice for China and the United States. Trump said that the relationship between the us and China is very special and important. The us is willing to enhance bilateral cooperation through consultation with China and actively explore solutions to the existing problems that are beneficial to both sides. During the talks, the two heads of state agreed to continue to maintain close exchanges through various means and jointly guide the development direction of china-us relations. The two sides will exchange visits in due course.
Wang said at a press conference that the two heads of state have reached consensus to stop imposing new tariffs on each other. The two sides have put forward a series of constructive proposals on how to properly resolve existing differences and problems. China is ready to expand imports according to the needs of its domestic market and people, including the purchase of marketable goods from the United States, so as to gradually ease the trade imbalance. The two sides agreed to open up their markets to each other and gradually address legitimate concerns of the United States in China's new round of reform and opening-up. The working teams of the two sides will step up consultation towards the elimination of all tariff increases in accordance with the principled consensus reached by the heads of state of the two countries and reach a mutually beneficial and win-win concrete agreement at an early date.
I believe that despite the positive impact of the meeting, the us government will not "give up" its efforts to curb the pace of China's development in view of the complex world economic situation and the impact of China's rise on all aspects of the us. Later negotiations will be difficult, the wisdom of the game has only just begun.
