In Beijing, says deputy finance minister Liao My, to the UNITED states and China agreed conditions for phase-a-trade agreement.
President Donald Trump says that the UNITED states has concluded a trade agreement with China. He states according to Reuters, that the new duties in december will not be introduced.
In Beijing, says deputy finance minister Liao Min, at the same time at a news conference that the UNITED states and China agreed on the conditions for a phase-a-trade agreement.
the Agreement means that China immediately begin to buy u.s. agricultural products.
- We have reached an agreement on a big stage-an-agreement with China. They have gone into many structural changes and major new purchases of u.s. agricultural products, energy, industrial products and much more, writes Trump on Twitter.
- We are going to initiate negotiations about a phase-two agreement immediately instead of waiting until after the election in 2020. It is an incredible deal for all, writes Trump and ends the tweetet with a "Thank you".
The chinese deputy minister for commerce, Wang Shouwen, says that there has been "significant progress".
Wang Shouwen call agreement good for both the u.s. and chinese economy and says, to the parties as soon as possible to complete the agreement.
the Chinese say, according to Bloomberg News, that the phase-two negotiations depends on the implementation of the phase-one agreement.
On Wall Street was Friday with a confusion of signals from Trump and China. After the first to be risen to new records fell in the three main indexes, as it became clear that an agreement was not signed formally.
- At the present time, I do not think we know what we need to think about the agreement, so the markets are pending, says Randy Frederick, which is linked to the stock broking company Charles Schwab in Austin, Texas.
Updated Date: 14 December 2019, 02:00