22.6 C
New York
Monday, July 26, 2021

President Trump’s Preliminary Trade Deal is Completed

The White House’s trade adviser Peter Navarro, said Monday that a preliminary trade deal with Beijing is completed.

That’s a done deal, put that one in the bag,” Mr. Navarro said on TV. He declined to confirm a report by the South China Morning Post that Chinese emissaries led by Vice Premier Liu He will travel to Washington this weekend to sign the accord.

Mr. Navarro’s affirmation for what the White House has called a “Phase 1” trade deal indicates President Trump does not face pressure from his right to negotiate more favorable terms for the US.

Mr. Navarro’s hostility toward Beijing and its global economic practices is well known; before joining The Trump Administration, he published a book titled “Death by China.”

Under the accord, announced on 13 December, President Trump agreed to suspend plans for new tariffs on Chinese imports and reduced some existing levies.

China agreed to increase its purchases of American agricultural products and has made new commitments on intellectual property protections, forced technology transfers by US companies and currency practices.

US Trade Representative Robert Lighthizer has said he expects the 86-page accord to be signed by him and vice premier Liu in early January, when the document will be publicly released.

America First!

Have a terrific New Year Holiday week

HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Related Articles

Stay Connected

- Advertisement -spot_img

Latest Articles