{"id":24518,"date":"2018-12-06T10:22:53","date_gmt":"2018-12-06T10:22:53","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=24518"},"modified":"2018-12-06T10:22:53","modified_gmt":"2018-12-06T10:22:53","slug":"china-to-immediately-implement-measures-of-trade-truce-with-us","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=24518","title":{"rendered":"China to ‘immediately’ implement measures of trade truce with US"},"content":{"rendered":"
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China<\/a> has announced it will “immediately” implement measures agreed under a trade war truce with the United States<\/a>.
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The commerce ministry’s remarks on Thursday came days after US President Donald Trump<\/a> and Chinese leader Xi Jinping,\u00a0who met\u00a0on the sidelines of a Group of 20 summit\u00a0in Argentina<\/a>,<\/span> agreed to give negotiators 90 days to resolve their trade spat.
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Few details have been made public about what the two sides will negotiate, a lack of clarity that has unsettled stock markets.
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“China will immediately implement the consensus both sides already reached on agricultural products, energy, autos and other specific items,” commerce ministry spokesman Gao Feng said at a regular press briefing.
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The two sides will also discuss intellectual property protection, technology cooperation, market access and “fair trade”, and “work hard to reach a consensus”, Gao said.
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But the spokesman did not provide more specific details about what actions China will take.<\/p>\n

The White House has said China agreed to purchase a “very substantial” amount of agricultural, energy, industrial and other products to reduce the yawning trade gap. It also would begin buying products from US farmers “immediately”.
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The two sides will also negotiate “structural changes” to forced technology transfer, intellectual property protection, cyber intrusions and cyber theft, services and agriculture, according to the White House.
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For its part, China has said it will import more US products to reduce its trade surplus, but no dollar amount has been publicly discussed.
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Trump added China would roll back tariffs of 40 percent on cars. It was unclear if Gao was referring to the tariffs in his remarks to reporters.<\/p>\n

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US, China declare trade war ceasefire<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Gao’s briefing came hours after the trade detente risked being rattled by the arrest in Canada<\/a> of a top executive from Chinese telecom giant Huawei at the request of the United States.<\/p>\n

This year, the Trump administration instigated a trade war on Beijing, imposing tariffs on a total of $250bn of Chinese imports. For its part,\u00a0China<\/a>\u00a0has slapped tariffs on $110bn of US imports.<\/p>\n

Last month, the Organisation for Economic Cooperation and Development (OECD), which advises many of the world’s richest economies, warned that the global economy<\/a> had passed its peak and faced a slowdown driven partly by trade disputes.<\/p>\n

The threat of further escalation in the US-China trade war has loomed large over financial markets and the global economy for much of 2018.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

China has announced it will “immediately” implement measures agreed under a trade war truce with the United States.\u00a0\u00a0\u00a0 \u00a0The commerce ministry’s remarks on Thursday came days after US President Donald Trump and Chinese leader Xi Jinping,\u00a0who met\u00a0on the sidelines of a Group of 20 summit\u00a0in Argentina, agreed to give negotiators 90 days to resolve their…<\/p>\n","protected":false},"author":10,"featured_media":24519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-24518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle_east_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/24518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24518"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/24518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/24519"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}