Donald Trump Announced That On January 15 He Will Sign “a Broad Trade Agreement” With China

The US president, Donald Trump, announced Tuesday that he will sign on January 15 the "very large and wide" phase one of the trade agreement with China in the White House with the presence of senior Beijing officials but without President Xi Jinping.

“I will be signing our very large and broad phase one of the trade agreement with China on January 15. The ceremony will take place in the White House. High-level representatives from China will be present, ”Trump said in his Twitter account.

At first, the president had pointed out that in the act of ratification of the agreement he would have the presence of Xi. "At a later date, I will be traveling to Beijing, where the talks for the second phase will begin," he added.

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After almost 18 months of trade war and the subsequent escalation of tariffs, Trump announced in mid-December the closing of the first phase of a pact with China, which includes the partial withdrawal of levies and the increase in Chinese purchases of domestic products .

The Chinese Vice Minister of Commerce, Wang Shouwen, confirmed for his part that the first phase of the pact addresses issues such as technology transfer, intellectual property, trade expansion and the establishment of dispute resolution mechanisms, among others.

Both Washington and Beijing have pledged to withdraw in stages the charges that both parties have imposed during the dispute.

The agreement implies, however, that US tariffs of 25% are maintained on Chinese imports valued at 250,000 million dollars, along with reduced levies of 7.5% on additional imports valued at approximately 120,000 million dollars.

Negotiations between both parties have suffered several shocks, with conflicting information and veiled criticism, since a principle of agreement was announced in October.

Trade tensions between the two major world economies, which began last year, have had profound consequences.

In its latest global growth forecasts, published in October, the International Monetary Fund (IMF) lowered its projections of expansion to 3% this year, two tenths less than in July, weighed down by the doubts generated by this dispute.

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