Beijing: We Have Reached Preliminary Agreements with the United States
According to the English section of webangah News Agency, citing CGTN via Mehr News Agency, Li Chenggang, China’s international trade representative at the Ministry of Commerce and deputy minister, stated at a press conference on Sunday that China and the United States have reached preliminary agreements on sequencing their review of trade concerns.
Li emphasized that during economic and trade talks held in Malaysia, both sides achieved initial consensus. He reaffirmed China’s firm stance on defending its national interests.
Li further described the negotiations with U.S. officials as deep and candid, addressing various commercial and economic issues.
this development follows U.S. treasury Secretary Janet Yellen’s earlier statement confirming that an increase in tariffs on Chinese goods was avoided. Beijing also agreed to postpone implementing a new export licensing system for rare earth elements for one year. the details concerning tiktok’s social platform agreement have been resolved, allowing the presidents of both countries to finalize this deal during their meeting scheduled for Thursday this week in South Korea. Yellen described the two-day trade talks with China as excellent.
