China And The US Dollar Reached A Consensus To Stop Adding New Tariffs

- Dec 04, 2018-

According to Xinhua News Agency, State Councilor and Foreign Minister Wang Yi said on the 1st local time that the heads of state of China and the United States held a meeting in Buenos Aires that evening. The discussions on economic and trade issues between the two sides were very positive and constructive. The two heads of state reached a consensus and stopped adding new tariffs. The meeting reached an important consensus and pointed out the direction for Sino-US relations in the coming period. The two sides agreed to promote Sino-US relations based on coordination, cooperation and stability. The two heads of state agreed to continue to maintain close contacts through visits, meetings, calls, communications, etc., and jointly develop Sino-US relations. The two sides will conduct mutual visits again in due course. China and the United States have proposed a series of constructive plans on how to properly resolve existing differences and problems. China is willing to expand imports according to the needs of the domestic market and the people, including the purchase of marketable goods from the United States, and gradually ease the problem of trade imbalance. The two sides agreed to open the market to each other. The teams of the two sides will, in accordance with the principled consensus reached by the heads of state of the two countries, step up consultations in the direction of canceling all tariff increases and reach specific rules for win-win and win-win as soon as possible.