The US and China intend to conclude a major procurement deal, weakening the trade war

The US and China intend to conclude a major procurement deal, weakening the trade war

The US-China trade war is set to enter a new, quieter phase on Wednesday (15 January) as US President Donald Trump and Chinese Vice Premier sign an initial trade deal that aims to vastly increase Chinese purchases of US manufactured products, agricultural goods, energy and services. The Phase 1 agreement caps 18 months of tariff conflict between the world’s two largest economies that has hit hundreds of billions of dollars in goods, roiling financial markets, uprooting supply chains and slowing global growth. Trump and Liu He are scheduled to sign…

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EU, USA, Japan agree on proposals to limit subsidies

EU, USA, Japan agree on proposals to limit subsidies

The EU, US and Japan put forward on Tuesday (14 January) a proposal to limit industrial subsidies among WTO members and explored ways to address forced technology transfers, two issues at the core of ongoing trade frictions with China. The joint statement was concluded after two years of talks launched by the EU, US and Japan trade chiefs on the margins of the World Trade Organisation conference in Buenos Aires. The conclusion of the negotiations came during the visit of the EU’s trade Commissioner, Phil Hogan, to Washington to address…

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