The United States will phase out tariffs, Chinese chemical enterprises ushered in a positive!

On December 13, , at 23:00 p.m., the Information Office of the State Council held a press conference to announce that China and the United States had agreed on the text of the first phase of the Sino-US economic and trade agreement. At the press conference, Ning Jixuan, deputy director of the National Development and Reform Commission, Deputy Director of the Office of the Central Finance Committee, Vice Minister of Finance Liao Wei, Vice Foreign Minister Zheng Zeguang, Vice Minister of Agriculture and Rural Affairs Han Jun, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations Wang Yuwen answered questions from reporters.. E6Athe text of the first phase of the Sino-US trade agreementthe E6A
agreement was reached between China and the United States on the basis of the principles of equality and mutual respect, and lasted 22 months. The text of the agreement includes nine chapters on the preamble, intellectual property rights, technology transfer, food and agricultural products, financial services, exchange rates and transparency, trade expansion, bilateral assessment and terminal settlement, final provisions. At the same time, the two sides agreed that the U.S. side will fulfill the phased elimination of Chinese products tariff related commitments, to achieve the tariff increase from the transition to a lower. The agreement will have a positive impact on global economic and trade, investment and financial markets.. E6A
Deputy Director of the National Development and Reform Commission, Ning Jixuan, said that expanding Sino-US trade cooperation will help meet the growing needs of Chinese people to live a better life, and expand imports of high-quality products and services from the United States in energy, manufactured goods, agricultural products, medical care, finance and other fields, which will bring Chinese consumers a more convenient, affordable and more diverse experience. Expanding China-U.S. trade cooperation is in line with the requirements of China's high-quality economic development. Expanding the import of advanced technology equipment and key components needed at home will help Chinese enterprises to invest more effectively at a higher level while meeting the production needs of domestic enterprises.. E6A
expand imports of services from the United States, but also help domestic service enterprises to enhance competitiveness and further improve the quality and level of service supply. Expanding China-U.S. trade cooperation is conducive to the optimal allocation of resources and economic restructuring of the two countries. The development of Sino-US trade to this scale stems from the strong complementarities between the Sino-US economies. China welcomes high-quality, competitive U.S. products and services to the Chinese market in terms of meeting the growing consumer demand of Chinese people and promoting high-quality economic development.. E6A
the U.S. side has pledged to eliminate some of the proposed and tariff-imposedE6A
Vice Finance Minister Liao Wei said that with the first phase of the agreement reached, the U.S. side has promised to eliminate some of the proposed and imposed tariffs on China, and will increase the intensity of tariff exemptions for Chinese exports to the U.S.. The E6Ahas the following views on this agreement and consensus:E6A
first, this agreement is in the interests of the people of China and the United States and the world. . E6A
second, and the agreement is generally in line with China's general direction of deepening reform and with China's own inherent needs to promote high-quality economic development. . E6A
third, with the continuous exploitation of the potential of China's domestic market and the expansion of market capacity, enterprises in China, including state-owned enterprises, private enterprises and foreign-funded enterprises, will follow the WTO rules, follow the principles of marketization and commercialization, to expand bilateral trade cooperation and activities between China and the United States, which will enable thousands of Chinese consumers and producers to enjoy different characteristics of products and services, to better meet the growing needs of Chinese people. . E6A
fourth, the signing of the agreement and the implementation of the future will be conducive to promoting economic and trade cooperation between China and the United States, control and resolve economic and trade differences, and promote the steady development of Sino-US economic and trade relations. The second phase of consultations will depend on the implementation of the first phase of the agreement Liao said that the second phase of consultations will depend on the implementation of the first phase of the agreement, the two sides have just agreed on the first phase of the agreement, the immediate priority is to sign the agreement, implementation, follow-up consultations when to start, when to be conducted, pending further discussion between the two sides. It is understood that the U.S. side is also holding a press conference, it is expected that the U.S. side will announce relevant information E6A the U.S. community highly appraised China and the United States on the first phase of the economic and trade agreement text reached an agreement E6A
, the United States from all walks of life have highly appraised this, the agreement has successfully reversed the trend of escalating economic and trade friction, conducive to China and the United States and the global economy, and laid a good foundation for follow-up negotiations. The first phase of China-U.S. economic and trade agreement has also been welcomed by many industry associations in the United States. . E6A
" it's an early Christmas gift. Tom Watkins, an adviser to the Center for Chinese Innovation in Michigan, said: 'We are pleased to see that the first phase of the economic and trade agreement is a win-win outcome, laying the foundation for further negotiations between the two countries. Robert Kuhn, president of the Kuhn Foundation, said that while the road is long and tortuous, the agreement is good for both sides and for the world. He said the agreement was "cautious and balanced" for both sides and paved the way for further agreement on more difficult issues. . Wendy Cutler, vice president of the E6A
, said the first phase of the agreement was welcome because it would largely reverse the weakening of bilateral trade relations and reduce trade policy uncertainty that U.S. businesses were worried about. Rick Halfenbaiin, president of the American Apparel Shoe and Socks Federation, said it was "a step in the right direction." But he also noted that U.S. businesses, consumers and workers are still being "hit hard" by tariff increases, and he called on the U.S. government to eliminate all tariffs as soon as possible. Kenneth Quinn, president of the World Food Prize Foundation, said a major agreement that would benefit both sides would be welcomed by American farmers, Chinese consumers and food processors. Most importantly, it will make an important contribution to ensuring the stability of the global trading system. . E6A
the elimination of tariffs is the core issue, the global chemical industry may usher in a heavy E6A
at this press conference, Liao said that the elimination of tariffs is China's core concern in economic and trade negotiations, the two sides reached an agreement on this issue. The U.S. side has promised to eliminate some of the proposed and imposed tariffs on China, and will increase the intensity of Tariff exemptions for Chinese exports to the U.S., and promote the trend of tariff increases, from the upward trend to the downward trend, which is a commitment, yes. At the same time, China will also consider the implementation of the proposed measures to impose tariffs on U.S. imports, which were scheduled to take effect on December 15. This is the consensus reached between the two sides on tariffs in the first phase of the agreement. . E6A
expand trade cooperation between China and the United States in line with the requirements of China's high-quality economic development. Expanding the import of advanced technology equipment and key components needed at home will help Chinese enterprises to invest more effectively at a higher level while meeting the production needs of domestic enterprises. Expanding imports of services from the United States will also help domestic service enterprises to enhance their competitiveness and further improve the quality and level of service supply. . E6A
also want to see that China is an important export market for the United States, and that expanding Sino-US trade cooperation is equally positive for the United States. China is the second largest export market for U.S. agricultural products, the largest export destination of U.S. soybeans and the second largest export destination for u.S. soybeans. Through the shale oil and gas revolution, The U.S. oil and gas production has increased significantly, and it is also necessary to open up the international energy market, increase the export of energy products, and expand cooperation between China and the United States in the field of energy is also a realistic choice for the United States. . E6A
Since the U.S. government announced tariffs on imports of soybeans, chemicals, automobiles and other goods from China, the chemical industry around the world has been affected to varying degrees, causing great harm to U.S. businesses and workers. U.S. stocks fell, with U.S. apparel, chemicals, footwear, automotive, agricultural products and other industries shrinking and unemployment worsening. According to industry analysis, the domestic chemical industry or will usher in a heavy positive, product exports will usher in a new situation, can promote the chemical industry raw materials and other high-quality products out of the country, promote economic development. Not only the domestic chemical industry, even the global chemical industry will usher in a good new situation. . E6A Review: E6A
2018-03-23 E6A
0:50 a.m. until 0:50 a.m., U.S. President Donald Trump formally signed a trade memorandum with China at the White House. Mr. Trump announced plans to impose tariffs on $60 billion of imports from China and limit Chinese investment in the U.S. . E6A
2018-04-04 E6A China has quickly hit back at the U.S. proposal to impose tariffs on Chinese products. With the approval of the State Council, the State Council's Tariff and Tariff Committee has decided to impose a 25% tariff on 106 goods in 14 categories of soybeans, automobiles and chemicals originating in the United States, involving about US$50 billion in Imports from the United States in 2017. . E6A
2018-04-16 E6A the U.S. Department of Commerce has banned U.S. companies from exporting telecommunications parts to ZTE for a period of seven years. . E6A
2018-06-1 5 E6A
the U.S. government has issued a list of tariff-imposed goods, which will impose a 25 percent tariff on about $50 billion of goods imported from China, including tariff measures for about $34 billion of goods starting July 6, 2018, and public consultation on tariffs on about $16 billion in goods. . E6A
2018-06-1 5 E6A
approved by the State Council, the State Council Tariff Committee issued a notice to impose a 25% tariff on 659 imports originating in the United States of about $50 billion, including 545 items of agricultural products, automobiles, aquatic products and other goods of about $34 billion from July 6, 2018. . E6A
2018-07-06 E6A
the United States Customs and Border Protection announced that the United States will impose a 25% import tariff on the first batch of 818 categories of Chinese goods valued at $34 billion from July 6, local time (noon Beijing time). In response, China will also impose a 25 per cent import tariff on U.S. products of the same size on the same day. . E6A
2018-08-03 e6A
the State Council Tariff Sedumtographic Committee of China has decided to impose tariffs ranging from 25%, 20%, 10% and 5% to 5207 goods originating in the United States. . E6A
2018-08-23 E6A
the United States will impose a 25% tariff on about $16 billion of goods imported from China from August 23. In order to make the necessary counter-reaction, China decided to impose a 25 percent tariff on $16 billion in imports from the United States and implement it in parallel with the U.S. . E6A
2018-09-11 E6A
the World Trade Organization on the 11th to members of the World Trade Organization documents show that the United States has not taken substantial action to correct its many illegal anti-dumping measures against Chinese products, China has applied to the WTO authorized the implementation of trade retaliation against the United States about $7 billion per year. . E6A
2019-05-09 E6A
the U.S. government officially announced that, starting May 10, 2019, the tariff rate on $200 billion in listed goods imported from China will be increased from 10% to 25%. . E6A
2019-05-13 E6.