Air Freight News

China Still Implementing U.S. Trade Deal, Chinese Envoy Says

China’s ambassador to the U.S. said his country is still implementing the first phase of a trade agreement signed with the U.S. earlier this year and called for both nations to assess the changing situation as the coronavirus presents global economic challenges.

“Even for the last few weeks, when we are faced with this very serious, critical situation, people are still working on the implementation of this phase one deal,” Ambassador Cui Tiankai said in an interview with Eurasia Group’s Ian Bremmer on broadcast show Gzero World on April 3, according to transcript posted on the Chinese embassy’s website on Sunday.

Cui said China is still buying agricultural products from the U.S. and removing some of the restrictions on foreign companies in its domestic financial market as part of the agreement.

The ambassador agreed with Bremmer that the global economic landscape has been drastically changed by Covid-19. “So I just hope our two economic teams, if they can sit down together or just have a conference call, they can really make good assessment of the changing realities and coordinate our response to that,” Cui said in the interview.

China and the U.S. signed phase one of the trade deal in January, before the outbreak of the coronavirus.

Bloomberg
Bloomberg

{afn_job_title}

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

https://www.ajot.com/images/uploads/article/methamphetamine.jpg
CBP intercepts over $30 million in methamphetamine at the Pharr International Bridge
View Article
https://www.ajot.com/images/uploads/article/DREW_%28new%29.JPG
WTCA Forum 2024 in New York underscores importance of international collaboration
View Article
ACD celebrates 2024 Annual Meeting in La Quinta, California

Today, the Alliance for Chemical Distribution (ACD) welcomed 666 members and industry leaders for its highly anticipated 2024 Annual Meeting held in La Quinta, California.

View Article
Holiday spending still on track for steady growth amid ‘mixed signals’ in recent jobs and GDP data

The National Retail Federation still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, NRF Chief Economist Jack Kleinhenz said today.

View Article
Trump Presidency will reignite US-China trade war and threaten a spike in ocean container shipping markets / Xeneta

Donald Trump’s victory in the US Presidential Election is ‘a step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates.

View Article
https://www.ajot.com/images/uploads/article/Census_Bureau.png
U.S. international trade in goods and services, September 2024
View Article