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  HOME | Business & Economy (Click here for more)

China’s Xi Pushes for Swift Agreement with the US in Call with Trump

BEIJING – China’s President Xi Jinping expressed his desire for the United States and his country to reach a mutually beneficial agreement as soon as possible, state-run news agency Xinhua reported on Sunday.

In a telephone conversation on Saturday, both Xi and United States President Donald Trump expressed their willingness to work towards the implementation of the agreements sealed on Dec. 1 in Buenos Aires – in a meeting on the sidelines of the G20 summit – which include a 90-day truce to negotiate their differences over trade and resolve the ongoing trade dispute between both countries.

Xi also expressed the hope that China and the US would push for stable progress in bilateral ties, which he said were at a vital stage.

Jan. 1, 2019 will mark the 40th anniversary of the establishment of diplomatic relations between the two countries.

Xi also expressed his desire to “strengthen exchanges and cooperation in fields of economy and trade, military, law enforcement, anti-drug operations, local issues and culture,” according to Xinhua.

The leaders also discussed other international issues, including the situation on the Korean peninsula.

In a tweet on Saturday, Trump said that he had “a long and very good call with President Xi of China.”

“Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!” he added.

Since the Dec. 1 meeting, China has adopted several goodwill measures including cutting tariffs on vehicles imported from the US, resuming the purchase of soya beans from the North American country and submitting a draft law to prohibit forced technology transfers.

For his part, Trump temporarily suspended the increase in tariffs from 10 percent to 25 percent on Chinese goods worth $200 billion with a warning he would go ahead with the plan if a trade agreement was not sealed before the 90-day deadline.

Negotiations could be affected due to the diplomatic row that has erupted following the arrest of Huawei’s Chief Financial Officer Meng Wanzhou in Canada at the request of the US for allegedly violating sanctions against Iran.

 

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