US, China agree to push forward first phase of trade deal
The trade chiefs of United States, Robert Lighthizer and China, Liu He, have discussed the first phase of a trade deal amidst in a breakthrough amid faltering bilateral ties.
This was disclosed during a phone conversation on Tuesday August 25, 2020.
Local Chinese news reported the phone conversation ended in an agreement that both the sides will create conditions and atmosphere to continue pushing forward the implementation of the trade deal.
“The two sides conducted a constructive dialogue on such issues as strengthening bilateral coordination of macroeconomic policies and the implementation of the China-US phase-one economic and trade agreement,” the report added.
Washington has imposed restrictions on many Chinese companies, including tech giant Huawei, for their alleged links to the Communist Party of China.
Both the countries signed a phase-one trade deal in mid-January, marking a major milestone in a more than two-year trade war between them.