The president of the United States, Donald Trumphe has assured that the agreement with China “is closed”, in the absence of the final approval of the heads of state of both countries, which will mean the supply by the Asian giant of the necessary rare earths, while US universities will accept the entry of Chinese students.
“Our agreement with China is closed, subject to the final approval of the president (Chino) XI (Jinping) And mine, “Trump said through his profile in Truthsocial, where he explained that” China will supply the necessary magnets and rare earths. “
Likewise, as a consideration, the tenant of the White House He pointed out that the United States will provide China “agreed”, just indicating that this includes access to Chinese students to American universities “(which has always seemed good to me!)”.
“We are receiving 55%tariffs, while China receives 10%. The relationship is excellent! Thank you for your attention!”He has apostilled.
The Delegations of the United States and China, gathered for two days in London, announced on Wednesday a Framework agreement to reactivate the commercial trucea pact that will focus on the “consensus of Geneva”, reached during the first round of contacts in May in this Swiss city, after the rebound of tensions during the last weeks.
The United States Secretary of Commerce, Howard Lutnickindicated in statements to the press that the agreement implies “putting meat on the bone” of the frame reached in Geneva and has reiterated that Trump’s “fundamental objective” is “to reduce the commercial deficit and increase trade.”
“The difference this time is that the two presidents -in reference to Trump and XI- They talked on the phone, created the pillar that supposes the base on which this frame will be built. It is a combination of the Geneva consensus, added to the president’s phone call, which makes us have great confidence that we can resolve this, “he said, while affecting that” the agreement is complete. “
“The presidents are behind it”said Lutnick, emphasizing that he “is really beneficial for the United States and for China and the Chinese economy.” “Now, Trump has to approve. The Chinese part has to take it to its president. When that is finished, we will contact again and we will begin to apply this agreement,” he explained.
For its part, the Deputy Minister of Chinese Commerce, Li ChengangHe stressed that the conversations have been “professional, rational and deep” and confirmed that the two countries have reached a principle of agreement on a framework to apply the consensus reached between Trump and XI during their conversation on June 5 and the points already agreed in Geneva.
Li also pointed out that the Chinese authorities hope that the progress achieved in London will allow “Strengthen trust” between the two countries and help “promote a rapid and healthy development of economic and commercial ties between the two countries”before deepening that these contacts “give positive energy to global economic growth,” according to the Chinese Xinhua news agency.
On May 12, after the conversations between representatives of both governments in Switzerland, the United States and China announced the suspension for an initial period of 90 days of a substantial part of mutually applied tariffs.
