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U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbreak.
MoreTHE TRUMP administration is said to be trying to avoid reducing tariffs on medical imports from China amid the coronavirus pandemic.
MoreThroughout his campaign and the early years of his presidency, Donald Trump promised to fundamentally reshape US–China trade policy. The conclusion of the ‘phase one’ trade deal, agreed to by the two countries in mid-January, provides an opportunity to assess what has been achieved so far.
MorePresident Donald Trump’s phase one deal could move the world closer to free trade and ultimately save the World Trade Organization.
MoreThe U.S. goods will be exempt for one year starting Feb. 28
MoreThe US forcibly tying Chinese import requirements to the trade deal risks violating global trading rules, distorting and diverting world trade, says an observer.
MoreChina, together with some other countries, has been removed from the United States' list of 'developing' nations and considered as a 'developed' country when it comes to international trade, according to a recent notice issued by the Office of the US Trade Representative (USTR).
MoreFalling one place to 11th in the global index of emerging logistics markets, Vietnam was still seen as a clear winner in the US-China trade war.
MoreChina will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States.
MoreChina has approved the import of all poultry products from the United States, the Ministry of Agriculture and Rural Affairs said on its website on Monday, including breeding birds in addition to poultry meat approved late last year.
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