China and the U.S. agreeing to the phase-one trade deal showed the “spirit of modus vivendi,” a commitment that should be carried into future negotiations, according to the Communist Party’s flagship English newspaper.
While details of the pact are not public yet, the agreement in itself is an encouraging sign, and it signals that the two countries are able to narrow their divergence and reach an understanding if they conduct discussions on an equal footing, the newspaper said in an editorial Thursday evening.
The two countries should stick to such a spirit in their future negotiations to ensure “an atmosphere conducive to accommodation and progress,” even though the bargaining can be protracted, it said.
China’s Vice Premier and top trade negotiator Liu He will lead a high-level delegation to Washington next week to sign the first phase of the trade deal with the U.S. The two sides are also finalizing some long-running corporate deals ahead of the high-profile ceremony.
China lifted its punitive tariffs on Australia’s wine exports, signaling an end to a three-year campaign of trade pressure on Canberra and raising hopes for a revival of the billion-dollar…
View ArticleThe US is asking allies to impose more restrictions on maintaining chipmaking equipment in China as the Biden administration seeks to further thwart Beijing’s ambition to build cutting-edge semiconductors.
View ArticleThe French government will delay holding another vote on the European Union’s free-trade deal with Canada, after an embarrassing setback in the Senate.
View ArticleThe Chinese government is “very close” to lifting the heavy tariffs on Australian wine imports, a business lobby said, while tempering expectations about all producers returning to the market after…
View ArticleIndustry updates and weekly newsletter direct to your inbox!