China-US Trade: China Vows Speedy Action On Trade Commitments

- Dec 10, 2018 -

Chinese officials have said they are "confident in implementing" trade commitments made to the US "as soon as possible", without giving details.

An ongoing trade war has seen both countries impose duties on billions of dollars of one another’s goods.

Over the weekend, a temporary truce was agreed between US President Donald Trump and Chinese President Xi Jinping at the G20 meeting in Argentina.

But concerns linger over discrepancies in information coming from either side.

In a commerce ministry statement, Chinese officials called the talks between the two leaders a "great success".

China and the US would push ahead with negotiations over 90 days and China would implement the specific issues it agreed with the US "as soon as possible", the statement said.

The US and China paused a trade war after several months, agreeing to halt new tariffs for 90 days.

Ahead of the statement from China, President Trump sounded optimistic, but reiterated his tough stance.

"President Xi and I want this deal to happen, and it probably will. But if not remember, I am a Tariff Man," Mr Trump said on Twitter.

"When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so."

The US President said China was supposed to begin buying US agricultural products and others "immediately" as part of an agreement to reduce the trade imbalance between them.


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