US and China bury an ax of war

The United States and China finally agreed on a ceasefire in the long trade war that they had already inflicted

hundreds of billions of dollars worth of damage to the global economy.

What now

True, while agreements have been reached only on paper, they promise to sign a formal agreement in January. President of America Donald Trump called this deal "phenomenal."

“We agreed on a very large first phasedeals with China. We will begin negotiations on the second phase of the transaction immediately, without waiting for the 2020 elections. This is a great deal for everyone. Thank you! ”Trump wrote.

At the same time, America canceled the introduction of duties onChinese imports worth $ 160 billion a year since December 15 and promised to halve 15 percent duties on 120 billion Chinese goods. As we wrote earlier, as a result, Apple technology will not rise in price.

Also imposing retaliatory duties from December 15canceled and China. From today, it was planned to introduce duties in the amount of 5% and 10% for American goods, including cars and auto parts. The Committee on Customs Duties and Tariffs under the State Council of China emphasizes that new categories of goods will be exempted from duties in the future.

In addition, China pledged to increase purchases.American goods and services in the next two years. First of all, this applies to agricultural products. Also in Beijing, they promise to tackle the theft of American technology.

Unfortunately, whether these agreements will affect the fate of Chinese Huawei is still unknown.

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