Washington and Beijing will sign the first phase of trade agreements next week
Vice Premier of China, Liu He, head of the negotiating group countries according to the Chinese-American trade negotiations, will sign an agreement titled "First step" in Washington next week, said the Ministry of Commerce of China on Thursday.
Liu will visit Washington from 13 to 15 January, told the official representative of the Chinese Ministry Gao Feng.
President of the United States Donald trump said on 31 December that the first phase of the deal with China will be signed on 15 January at the White house. Trump also said he would sign the agreement with "senior representatives of China," and that he later will travel to Beijing to begin negotiations on the next step.
it is Expected that the trade deal signed last month, will reduce tariffs and increase Chinese purchases of agricultural, energy and industrial products in the United States, and will also allow some disputes about intellectual property.
Yet no version of the text has not been made public, but the key highlights of the "First step", among which the increase in imports of American goods and services to China at $ 200 billion over two years was announced by both parties.
the United States launched a trade war against China a year and a half ago, accusing Beijing of unfair trade practices, theft of intellectual property and U.S. export subsidies.
Earlier today it became known that the American steel company simultaneously announced price increases for hot rolled sheet steel used in the engineering and manufacture of automobiles and household appliances.