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Beijing, China:
Top Chinese and US negotiators spoke on the telephone Tuesday about their section one financial deal, Beijing’s commerce ministry stated, amid hovering tensions between the 2 sides on a number of fronts.
The US and China signed the accord in January, bringing a partial truce of their lingering commerce struggle, and obliging Beijing to import a further $200 billion in American merchandise over two years, starting from automobiles to equipment and oil to farm merchandise.
But the COVID-19 pandemic has put stress on the settlement and China’s purchases of these items has been lagging.
Vice Premier Liu He spoke with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on the telephone, and either side “agreed to create conditions and atmosphere to continue to push forward the implementation of the phase-one of the China-US economic and trade agreement”, the ministry stated.
Beijing additionally stated the 2 nations had a “constructive dialogue on strengthening the coordination of the macroeconomic policies of the two countries”.
The section one deal referred to as for officers to carry a “check-in” each six months, though commerce talks that had been anticipated earlier this month appeared to have been postponed.
Confirmation of the decision got here as TikTook, owned by Chinese father or mother firm Bytedance, filed a lawsuit difficult the US authorities’s crackdown on the favored video app, which Washington accuses of being a nationwide safety risk.
US President Donald Trump in current weeks has stepped up rhetoric in opposition to China forward of what’s anticipated to be a tricky re-election struggle, elevating questions concerning the deal’s destiny in addition to the opportunity of a section two settlement.
(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
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