China to Implement Deals With US in Cars, Energy, Agriculture

China to Implement Deals With US in Cars, Energy, Agriculture

The negotiations with China have already started.

But the president clarified the next morning in a tweet that the 90-day period began from the time of his sit-down with Xi.

The Ministry of Commerce said Thursday China will immediately start implementing agreements on agricultural products, energy and cars that were reached at the weekend summit between Chinese and US leaders over their ongoing trade dispute.

Trump added China would roll back tariffs of 40% on cars.

However, Trump held out the possibility of an extension.

Furthermore, Kudlow seemed to downplay Trump's assertion following the meeting that China agreed to reduce or eliminate its tariffs on American automobiles, telling reporters that there was no "specific" agreement reached.

High Chinese retaliatory tariffs on US soybeans have caused the USA exports of soybeans to drop by as much as 97 percent.

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The White House has said China agreed to purchase a "very substantial" amount of agricultural, energy, industrial and other products to reduce the trade gap.

"The ultimate goal for the 90 days of talks is to remove all the increased tariffs", Gao said.

"Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina", Trump said, speaking of China's attendance at the G-20 summit last weekend.

He also said that Xi had promised him that the Chinese government would crack down harder on fentanyl shipments from China to the US, and tweeted a quote from a Bloomberg story which said that China was ready to restart imports of USA products, including soybeans and natural gas.

In a subsequent tweet, Trump said he would "happily sign" a "fair deal" that addresses U.S. concerns, should one be reached with Beijing.

"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", he said.

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