Beijing decided to impose stricter restrictions on the export of rare metals necessary for advanced technologies. In response to that, US President Donald Trump threatened to impose additional tariffs on Chinese imports.
Officials from both sides said on Sunday that the United States and China have agreed on an initial framework for a trade agreement, and this development came during talks. على هامش قمعة لعبة دول صور شرق اسيا (آسيان) في كوالالمبور.
US President Donald Trump and Chinese President Xi Jinping completed the agreement during their meeting on Thursday in Korea South, the last leg of Trump’s Asian tour.
The purpose of the visit is to work on investment deals and the people of peace, where the American leader will visit Malaysia, followed by Japan and South Korea.
Escalation of tension between the largest economies in the world. Recently, Beijing decided to impose stricter restrictions on the export of rare metals necessary for advanced technologies. Trump responded with additional customs duties on Chinese imports.
US Treasury Secretary Scott Besant said the agreement was a “very successful framework” and added that the agreement could cancel Trump’s tariffs. From the first of November, China will postpone the implementation of restrictions for a year.
Chinese officials did not provide any details. And Trump also expressed his confidence in the possibility of reaching an agreement soon, claiming that China and the United States “want to reach an agreement”.
The American president confirmed that he plans to visit China in the future and offered an invitation to visit Washington or Mar-e-Lago. Florida.
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