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Phase 1 trade agreements with China will be a good start

US Secretary of Commerce Wilbur Ross. Photo: AFP / TTXVN

Speaking to the press during a visit to Thailand to attend regional conferences, Mr. Ross said: "We hope phase 1 will be an optimistic sign of the prospect of reaching a series of major agreements. much more". He said the first phase deal would reduce tensions and build trust between the US and China, while increasing global trade confidence.

"If we resolve the first phase, it will reassure the public a lot, because they will see a light at the end of the tunnel," Mr. Ross said.

U.S. and Chinese negotiators are now racing against time to finalize the first phase of a trade agreement agreed by U.S. President Donald Trump and Chinese President Xi Jinping this month. However, it is unclear when and where the two sides will sign the document, in the context of a difficult process when Washington asks China to make a specific plan on importing agricultural products. America.

According to Politico newspaper, China is pushing for President Trump to remove the 15% tax policy that Washington has applied since September 2018 on Chinese goods worth US $ 112 billion. However, the US has yet to make any decisions.

According to the latest news on November 5, the Financial Times reported that the White House is considering revoking tax policies for imported Chinese goods including textiles, home appliances and computer monitors. % from September 1, 2018.

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