China insists it is a trustworthy partner in US trade pact
The post China insists it is a trustworthy partner in US trade pact appeared on BitcoinEthereumNews.com. China has strongly reiterated its dedication to the recently brokered trade agreement with the United States, underscoring that it “always keeps its word,”. This follows a pivotal phone conversation between President Xi Jinping and Donald Trump. The terms of the trade agreement stated that both countries should stick to the agreement. Following the terms, China emphasized that it always honors its commitments. This represents a fragile truce in a trade war between the world’s two largest economies. The US and China close new ‘groundbreaking deal’ On Wednesday, June 10, Trump expressed his satisfaction with the trade deal. He stated on Truth Social, “Our deal with China is completed, pending final approval from President Xi and me.” The deal is that China will supply the US with full magnets and any needed rare earth materials upfront. In return, the US will provide what they agreed upon, including allowing Chinese students to attend their colleges and universities, which Trump claimed he has always supported. Trump also revealed they are implementing 55% tariffs, while China is getting 10%. Following the trade agreement, during a regular news briefing, Lin Jian, the deputy director of the information department of the Ministry of Foreign Affairs of China, highlighted that the nation has consistently honored its commitments and produced positive outcomes. Therefore, according to him, now that an agreement has been made, both parties should stick to it. The phone call between Trump and Xi ended a standoff that had emerged only weeks after they reached an initial agreement in Geneva. Another round of discussions in London quickly followed, and Washington said the talks had added “meat on the bones” to the Geneva agreement to reduce bilateral retaliatory tariffs. The Geneva agreement stumbled because China reportedly continued to limit its mineral exports. In response, the Trump administration…
The post China insists it is a trustworthy partner in US trade pact appeared on BitcoinEthereumNews.com.
China has strongly reiterated its dedication to the recently brokered trade agreement with the United States, underscoring that it “always keeps its word,”. This follows a pivotal phone conversation between President Xi Jinping and Donald Trump. The terms of the trade agreement stated that both countries should stick to the agreement. Following the terms, China emphasized that it always honors its commitments. This represents a fragile truce in a trade war between the world’s two largest economies. The US and China close new ‘groundbreaking deal’ On Wednesday, June 10, Trump expressed his satisfaction with the trade deal. He stated on Truth Social, “Our deal with China is completed, pending final approval from President Xi and me.” The deal is that China will supply the US with full magnets and any needed rare earth materials upfront. In return, the US will provide what they agreed upon, including allowing Chinese students to attend their colleges and universities, which Trump claimed he has always supported. Trump also revealed they are implementing 55% tariffs, while China is getting 10%. Following the trade agreement, during a regular news briefing, Lin Jian, the deputy director of the information department of the Ministry of Foreign Affairs of China, highlighted that the nation has consistently honored its commitments and produced positive outcomes. Therefore, according to him, now that an agreement has been made, both parties should stick to it. The phone call between Trump and Xi ended a standoff that had emerged only weeks after they reached an initial agreement in Geneva. Another round of discussions in London quickly followed, and Washington said the talks had added “meat on the bones” to the Geneva agreement to reduce bilateral retaliatory tariffs. The Geneva agreement stumbled because China reportedly continued to limit its mineral exports. In response, the Trump administration…
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