WASHINGTON, May 9 — US President Donald Trump said on Friday he was “very torn” about whether to end the so-called Phase 1 US-China trade deal, just hours after top trade officials from both countries pledged to press ahead with implementing it despite coronavirus economic wreckage. In an...
Saturday, 09 May 2020 07:35 AM MYT
In an overnight phone call, US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He set aside rapidly deteriorating US-China relations and discussed progress since the deal took effect in mid-February. The deal brought a partial truce to an 18-month trade war between the world’s two largest economies that heaped US tariffs on some US$370 billion worth of Chinese imports.
While he was initially “very excited” about the trade deal’s signing in January, the pandemic since then had changed his views about it.Asked if he was “breaking up” the Phase 1 trade deal, Trump said: “I’m very — I’m very torn as to — I have not decided yet, if you want to know the truth.” Nonetheless, the more conciliatory statements from the US and Chinese trade officials helped to boost Wall Street stocks on Friday, along with a jobs report that was not as bad as feared.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump 'torn' over US-China trade deal as officials push to fulfill termsUS leader has threatened to terminate the agreement if Beijing fails to meet purchase commitments. FMTNews
Read more »
China slams US after Trump virus ‘attack’ claim | Malay MailBEIJING, May 7 — China accused the United States on Thursday of trying to shift blame over the coronavirus, after President Donald Trump said the pandemic was a worse “attack” than Pearl Harbour or 9/11. Tension between the world’s two biggest economies has reached fever pitch in recent...
Read more »
Face the facts, don't shift the virus blame to us, China tells USBeijing reveals Wuhan Institute of Virology researchers were trained in the US and France. FMTNews WuhanInstituteOfVirology China Covid19
Read more »
Stocks climb on China trade relief, while US jobs data dents dollar | Malay MailNEW YORK, May 8 — World shares rose yesterday after China’s exports came in far stronger than expected, suggesting an economic recovery was under way, but the dollar fell from two-week highs as US data showed millions more Americans joined the ranks of the unemployed. Gold jumped 2 per cent as...
Read more »
Trump reaffirms desire for arms control with Russia, China in Putin call | Malay MailWASHINGTON, May 7 — US President Donald Trump stressed the US desire for arms control that includes both Russia and China in a telephone call with Russian President Vladimir Putin on Thursday, the White House said in a statement. “President Trump reaffirmed that the United States is committed...
Read more »
US accuses China, Russia of coordinating on virus conspiraciesBeijing is criticised of adopting Moscow's techniques to shape public understanding of the pandemic. FMTNews
Read more »