Image default
Greek News

Trump says “very large Phase One Deal” with China agreed

The United States and China have reached a “very large” trade deal, President Donald Trump has announced. The accord will see China step up its imports of American products, and could end a two-year trade war.

The president claimed that under the agreement, China will make “massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more.”

However, the 25 percent levies on around $250 billion worth of Chinese goods will remain in place, and the planned 15 percent duties on $160 billion of Chinese consumer products will be unaffected by the deal. Certain other existing tariffs on $120 billion in Chinese goods will be rolled back from 15 percent to 7.5 percent.

Negotiations on phase two of the deal will begin immediately, Trump added.

Read more: rt

Σχετικα αρθρα

The neoliberal era is ending. What comes next?

admin

Delphi Economic Forum announces new dates for 2020 session in Greece

admin

Food stores and supermarkets open on Sunday due to Easter period

admin

Eurogroup’s decisions fully meet Greek positions, Staikouras says

admin

Greek shipowners outspend the Chinese paying $ 2.5 billion for ship acquisition

admin

Greek 10-Y bonds reach record low at 1.53%

admin

The “sick men” of Europe rise, but for how long?

admin

The US exports more oil than Saudi Arabia

admin

Greece has the worst unemployment rate in EU28 for degree holders

admin

China buys Norwegian Air

admin

New Zealand becomes the first country to legalise cryptocurrency salaries

admin

TUI unveils plans to increase market share right after Thomas Cook collapse

admin

European Commission welcomes lifting of capital controls by Greek government

admin

Where Netflix’s growth comes from (infographic)

admin

Watch PM Mitsotakis’s interview on Bloomberg TV (video)

admin

Samsung Tops Weakening Smartphone Market (infographic)

admin

The Greek economy’s path towards the investment grade

admin

Greece borrows with negative interest rate

admin