Tensions between USA and China is now relaxed
Business can now be seen good in the two years of tension between the US and China, America is talking about putting releif on tarrifs increased by them on import duties for China , while the Chinese President Xi Jiping said that A new agreement has been signed between the US and China, in which they will further increase trade. He said he had a talk with US President Donald Trump, in which China promised to buy more American products, while the US turned down additional tariffs on Chinese goods, with other measures agreed between the two sides on Thursday. , Chinese media ran state reports in which an echo of Xi’s comments was heard, with state broadcaster CCTV calling the deal ” Industries the confidence shown as “that between China and the United States the issue can finally be resolved. At the same time, this thing also came from China, in this trade battle, America’s small victory can be considered a win. If the trade war continues then it would surely be more hostile to China. It is better for China. This means that the Chinese government ultimately understands that such agreements are good for China. Observers say China’s silent response does not mean Beijing sees itself as capitalized. Talking about the Belt and Road Initiative, it is often common in Chinese diplomatic language to emphasize the idea of ”mutual benefit” and “win-win” cooperation. As part of the deal, Beijing has promised to increase the purchase of American products and services by an additional $ 200 over the next two years. While the treaty prevents new tariffs, it leaves the bulk of the levy on Chinese products worth $ 360bn. Retaliatory Chinese tariffs over $ 100 billion in US goods also remain unchanged. China’s pledge to buy more American goods also came with a major warning. Liu said that Chinese purchases of US $ 40 billion worth of US goods a year over the next two years would be based on market conditions
At the same time it can also be said that the economy of some countries of the world can be improved on this trade deal of America and China, it will be seen what is the next activity of America and China.