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Trade Talks Results are Good First Step

FOR IMMEDIATE RELEASE

Contact in Washington, DC:Doug Barry ([email protected]; 202-429-0340)  Contact in Beijing:Lipei Zhang ([email protected]; 86-10-6512-5854)   WASHINGTON, DC, October 11, 2019 – USCBC is pleased the United States and China have reached a tentative phase one trade agreement today, which was accompanied by a suspension of the prospective US tariff increase set for October 15. USCBC members hope that with progress made on this set of issues, sufficient...

Day 1 of US-China trade talks ends with hopes for limited deal

A currency agreement would likely follow one that was largely agreed in February by Washington and Beijing that would parallel China’s prior G20 pledges to avoid currency manipulation to gain a trade advantage, said Craig Allen, president of the US-China Business Council. “It’s time to roll that thing out,” said Allen, who also met with Liu on Wednesday. “It would be a positive, and would make it easier for the US side to sign a deal.”