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[size=36]US: Appropriate trade agreement with China more important than timing[/size]
Economy | 02:36 - 04/12/2019
Follow - up - the balance of News
rejected US Secretary of Commerce and Wilbur Ross identify any deadline for a deal trade with China launched a new attack on the telecom giant Huawei, which increases the receding hopes at the end of trade war continuing situation since 17 months have slowed global growth.
Ross said in an interview with Reuters on Tuesday that a trade deal with China would be more in the United States' favor than hurrying and a deal by the end of this year or even next year.
He said the world's two largest economies still needed to work out details about China's purchase of agricultural products, some structural issues and an enforcement mechanism to sign an interim trade agreement that President Donald Trump had hoped to conclude last month.
Trump said in remarks from Europe on Tuesday that the interim trade agreement with China could wait until after the US presidential election in November 2020, prompting financial markets to fall.
In a broader interview during a visit to New York, Ross said: “The point he was trying to make is that we need an appropriate agreement, and whether it comes in December, next December or any other date is far less important than reaching Appropriate agreement ”.
He attacked Huawei, saying the Chinese company, which the US government blacklisted in May, was encouraging its suppliers to violate US law by telling them to move their operations out of the country to avoid US sanctions.
rejected US Secretary of Commerce and Wilbur Ross identify any deadline for a deal trade with China launched a new attack on the telecom giant Huawei, which increases the receding hopes at the end of trade war continuing situation since 17 months have slowed global growth.
Ross said in an interview with Reuters on Tuesday that a trade deal with China would be more in the United States' favor than hurrying and a deal by the end of this year or even next year.
He said the world's two largest economies still needed to work out details about China's purchase of agricultural products, some structural issues and an enforcement mechanism to sign an interim trade agreement that President Donald Trump had hoped to conclude last month.
Trump said in remarks from Europe on Tuesday that the interim trade agreement with China could wait until after the US presidential election in November 2020, prompting financial markets to fall.
In a broader interview during a visit to New York, Ross said: “The point he was trying to make is that we need an appropriate agreement, and whether it comes in December, next December or any other date is far less important than reaching Appropriate agreement ”.
He attacked Huawei, saying the Chinese company, which the US government blacklisted in May, was encouraging its suppliers to violate US law by telling them to move their operations out of the country to avoid US sanctions.
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