Although it is not a definitive arrangement, both parties have given 90 days to solve the problems in practice in which they have different views.
He Agreement reached in Geneva between the United States and China To considerably reduce his mutual rates, it gives a delay to the world economy and in particular to markets and industries, highly dependent on Asian supplies.
Although it is not a definitive arrangement, both parties have given 90 days to solve the problems in which they have different views and that, for the American part, “be unfair” and even a threat to their national security. “
What is the most important element of pre -fears?
The United States have agreed to lower their rates for Chinese products from 145 % to 30 %, while China has agreed to lower them to 10 %, with regard to the 125 % in force. The reduction will take effect in two days, on May 14.
Why did they not agree to lower the rates to the same percentage?
The United States and China corresponded to negotiations to lower their general rates to 10 %, although Washington maintains exceptions on specific sectors, such as aluminum, steel or cars, among other things.
However, the US contributes to the 10 % 20 % that is directly linked to the drug crisis known as Fentanil, which has recently been responsible for one of the greatest health crises among the American population.
This extra rate serves, from the point of view of President Donald Trump, to maintain pressure and that China takes concrete and drastic measures to arrange the export of the necessary chemicals for the production of the Fentanyl and at the same time suppress its illegal exit to the American market.
What is happening from now on?
The United States and China will set up a consultation mechanism to continue discussions, which will not only be commercial, but will cover issues related to the economy in general.
It has been agreed that on the Chinese part is led by the Vice Prime Minister He Lymphang and, by the American, by the secretary of the treasury, Scott Berent, and the high commercial representative of the United States, Jamieson Greer, who played the same role in GIN this weekend.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
