US, China trade envoys promise 'favorable conditions'
Source: AP
BEIJING (AP) — U.S. and Chinese trade negotiators promised to create “favorable conditions” for carrying out a truce in their governments’ tariff war during a phone call Friday, an official Chinese news agency reported.
The call followed a threat by President Donald Trump to pull out of the agreement if Beijing fails to buy more American goods and services in exchange for Washington suspending planned tariff hikes.
The plunge in economic activity and trade due to the coronavirus pandemic has depressed Chinese demand for foreign goods and diverted official priorities away from ending the tariff fight.
The chief Chinese envoy, Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin promised to “create a favorable atmosphere and conditions” for implementing the “phase one” agreement signed in January, Xinhua said.
FILE - In this May 10, 2019, file photop, container ship is unloaded at the Virginia International Gateway terminal in Norfolk, Va. China-US Trade. A Chinese state news agency says U.S. and Chinese trade negotiators promised to create “favorable conditions” for carrying out a truce in their governments’ tariff war during a phone call. (AP Photo/Steve Helber, File)
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