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U.S., China agree to resume negotiations

Donald Trump has promised that he would not introduce new duties on Chinese goods
18:41, 30 June 2019
Head of the People’s Republic of China Xi Jinping and president of the United States Donald Trump agreed to resume trade negotiations between the countries; moreover, Trump promised not to introduce new duties, BBC reported.

During the bilateral meeting, the leaders reached an agreement on the resumption of trade and economic consultations. In turn, Trump assured that Washington would not introduce new duties on Chinese exports.

It is noted that the parties agreed to discuss "specific issues."

Negotiations on a broad deal ended last month after US officials accused China of retreating from previously agreed commitments. Moreover, Washington demanded from Beijing specific changes in Chinese legislation, and Beijing said it would not take this step because it was detrimental to its interests.
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Since then, the interaction between the two parties has been limited. Trump has repeatedly threatened to raise tariffs on Chinese goods. In particular, in early May, the President of the United States announced that tariffs should increase by 25% and the list of goods to which the new duties would apply would be expanded.

China, for its part, said it would take the necessary measures in response to US actions.

Due to the contradictions between the two largest economies in the world, financial markets have suffered, and the global economy as a whole has suffered significant damage.
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