In an act in defense of his Fiscal and Budget Project -To cost him a strong fight with his former official Elon Musk-, the Republican president confirmed: “ We sign (the agreement) with China yesterday. We just signed it“. Anyway, he did not give new details about it.
On the other hand, the US president said: “We have another next one, perhaps with India, a very big one.”
What is the commercial agreement between the United States and China
In mid -June, after the conversation between representatives of both countries held for two days in London, the tycoon explained that the agreement includes a US tariff of 55% to Chinese products and another of 10% to the goods of the American country by Beijing.
From the White House they explained that 55% arises from the sum of a base tariff of 10% that the US imposes on almost all its commercial partners, additional 20% due to the lack of China’s actions against fentanyl traffic, and 25% of tariffs already in force about imported goods from China from Trump’s first mandate.
For its part, the China Ministry of Commerce He reiterated that he will continue to review the rare earth export applications, without detailing how many licenses will be approved this week. “China is willing to Improve communication and dialogue on export controls with the countries involvedand to promote trade facilitation in accordance with regulations”Said spokesman He Yadong.
In addition, Trump added, through his social social network: “China will provide Complete magnets and Rare earth necessary in advance. For our part, We will allow Chinese students to access our universitiessomething that always seemed positive. ”
Source: Ambito
