The trade agreement between China and America … has it approached the end of the trade war?

Lebanon today

The trade agreement between China and America

The trade agreement between China and America – in a development that may carry a long -awaited breakthrough in one of the most complex global economic conflicts,
The American commercial actor announced, Jimson JarirHis country reached a “agreement” with China on the long conflict over customs duties,
Pointing out that Details of the agreement will be revealed later today, Monday.

National emergency due to the trade deficit

Jarir explained that the former American president Donald Trump Last month, the “national emergency” was announced due to the huge trade deficit with China, which is about 1.2 trillion dollars.
He stressed, “We are confident that the agreement we reached with our Chinese partners will help end this situation.”

For his part, confirmed US Treasury Secretary Scott BessentWho also participated in the ongoing talks in Geneva,
To make a great progress,
Pointing out that the agreement “will contribute to calming economic tensions and open horizons for long -term solutions.”

Unprecedented customs escalation

The Trump administration had been imposed earlier Customs fees amounting to 145% on Chinese goods,
In a step described at the time of escalation.
China replied to impose 125% reprisal fees On American imports,
Which raised real concerns about the outbreak Global trade war.
Later, Trump was prepared to reduce these drawings to 80%.

In a statement on Sunday morning, Trump wrote on his platform “Truth Social”:

“A great progress on the first day of the talks has been achieved. An agreement has been reached on many issues in a friendly but constructive way.”

He also stressed the importance of “the openness of the Chinese market to American products and companies”, as this is a major goal for any expected agreement.

A strict American approach

For his part, he said US Minister of Commerce Howard Lootnick The high customs duties policy,
Despite its short -term negative impact, it is formed The first stage towards more comprehensive negotiations.
In an interview with CNN, he stressed that “this policy aims to reopen the closed global markets in the face of American products.”

He added:

“We want to enable American companies to export their products easily, and this requires strong pressure tools for commercial partners.”

International reactions and complaints in Geneva

On the other hand, American policies sparked international dissatisfaction, especially from the European Union,
Who filed with a number of countries with complaints against American drawings in front of World Trade Organization In Geneva,
Considering that these policies violate the rules of the organization.

In a positive step, the Chinese delegation announced after Sunday meetings a contract A joint press conference He described the meeting as “an explicit and constructive dialogue.”
Clarify Chinese Deputy Prime Minister, is LevingThe two sides agreed on Create a common consultation mechanism To continue the talks in the future.

Walking joint statement

According to the Associated Press, the American and Chinese sides are expected A joint statement Today,
Although the exact timing has not yet been determined.
He said Chinese Ambassador to the World Trade Organization, Lee Cheng Gang:

“Whatever the date of the statement, this will be good news to the world.”

In his speech during the press conference, He Leving confirmed that “commercial wars are not winning,” adding:

“Although China does not want to fight a trade war, it is it Ready to defend its economic interests to the end If it is necessary. ”

Cautious optimism in global markets

This development is seen as a decisive step towards The stability of global marketsWhich was severely affected by the tensions between the two largest economies in the world.
Several Chinese cargo shipments in ports stopped waiting for a final agreement on the fees,
While the export and import movement declined in a number of countries related to global supply chains.

Investors around the world are awaiting the result of the joint statement, attention remains suspended on the extent The two parties ’commitment to implement the provisions of the upcoming agreement,
And if this is indeed the beginning of the end to The longest commercial war in the modern era.

A new trade agreement between China and America reduces tensions and enhances hopes for ending the economic war

In a move described as historical and it has paved the way for the end of the trade war between the two largest economies in the world,
Declare The United States of America and the People’s Republic of China,
On Monday, they reached to Initiative trade agreement It would reduce the severity of the tensions that flared up since Washington began to impose large -scale customs duties during the mandate of former President Donald Trump.

The trade agreement between China and America is mutual customs discounts

Say Chinese Ministry of Commerce Beijing will reduce Customs duties imposed on American goods to 10%,
with Additional suspension of 24% fees For 90 days, in a step aimed at Providing constructive negotiations With Washington.

For its part, the US administration announced that the two parties agreed on A mutual drawing of the fees by 115%It is the percentage that was described as unprecedented in the history of trade relations between the two countries.

Describe US Treasury Secretary The agreement is that “a historical step has not been achieved by any American president before,”
Pointing out that the agreement includes A mechanism of permanent consultations Between the two parties, to ensure the implementation of understandings and keep pace with trade developments between the two economic powers.

Clear economic goals

And according to what he confirmed White House commercial actor,
The American administration seeks through this agreement to Achieving a balance in the trade balance with China,
After the trade deficit between the two countries has doubled in recent years, especially during the era of the current president Joe Biden.

The minister pointed out that the agreement represents an opportunity to “push China towards a broader openness to import American products.”
This would enhance US exports and reduce the chronic gap in the trade balance,
Which is an essential axis of economic and political controversy within the United States.

The trade agreement between China and America is an opportunity to build confidence

Despite this progress, the Treasury Secretary confirmed that “working with China has not ended.”
Adding that “the suspension of part of the customs duties for 90 days is represented A window to rebuild confidence,
And install new rules for sustainable commercial cooperation.

Observers believed that this agreement may open the door to a new stage of Difference in trade relations,
Not only between Washington and Beijing,
It is also at the level of global markets that were negatively affected by the long trade war.

In light of these developments, the world is awaiting additional details about Endowments of the agreement and the executive mechanism,
Amid hopes that this agreement will constitute a starting point towards a more balanced and fair commercial system.