Trump Postpones Bilateral Review of Phase One Trade Deal with China
Steel News | 2020-08-23 23:23:46
Following 18 months of escalating tariffs and tensions, the United States and China in January agreed to the Phase One trade deal, which includes a provision for semi-annual review.
By Paul Ploumis
SEATTLE (Scrap Monster): President Trump in mid-August postponed what was to be the first review of the Phase One trade deal with China.
Following 18 months of escalating tariffs and tensions, the United States and China in January agreed to the Phase One trade deal, which includes a provision for semi-annual review. However, Trump, who has criticized China for its handling of the coronavirus outbreak – saying, “What China did to the world was unthinkable” – called off the first meeting, which was to have occurred in August.
“I cancelled talks with China,” Trump said. “I don’t want to talk to China right now.”
The Wall Street Journal reported, however, that trade negotiators from the two nations still planned to meet by video within days of the president’s announcement.
Courtesy: AIIS
