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https://www.rt.com/news/476582-china-us-trade-deal/
Trump claims ‘breakthrough’ in trade talks with China, deal to be struck ‘very shortly’
21 Dec, 2019 22:59 / Updated 5 hours ago
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FILE PHOTO: Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, February 13, 2017. ©REUTERS/Aly Song
US President Donald Trump has said that Beijing and Washington, locked in a bitter trade dispute, will be inking a trade deal “very shortly,” claiming a breakthrough has been achieved in the recent talks.
Trump was speaking at the Turning Point USA's Student Action Summit in West Palm Beach, Florida, on Saturday, as he made the announcement.
"We just achieved a breakthrough on the trade deal and we will be signing it very shortly," he said, without providing any additional details as to the terms of the mooted agreement or the timeframe within which it is expected to be signed.
Also on rt.com China suspends tariff hike on selected US goods, expects ‘mutual respect & equality’ in future trade talks
Trump said that he spoke to his Chinese counterpart Xi Jinping on Friday, noting that Beijing has been “already buying billions and billions of agricultural products” from US farmers. The US push for China to step up purchase of US farm products has been one of the key demands of the Trump administration in the negotiations, that had dragged on for almost two years without bearing much fruit.
Also on rt.com The good, the bad & the ugly about US-China trade breakthrough
However, last week Washington and Beijing announced that they finally reached “a historic and enforceable agreement” that will see the US lowering levies on $120 billion worth of Chinese imports, while 25-percent tariffs an another $250 billion worth of Chinese goods would still remain in effect.
China reciprocated by agreeing to boost purchase of American products to up to $200 billion over the next two years, that include agricultural products. In addition, Beijing suspended a new tariff hike on a series of US goods, ranging from corn and wheat to vehicles and auto parts.
While stock markets rallied on the trade deal news, lack of specifics surrounding the accord have prompted some experts to warn against jumping the gun and declaring the agreement a sealed deal, while it is not.
In attempt to assure the markets and the public that the differences between the US and China have been already ironed out, Treasury Secretary Steven Mnuchin said last week that the deal had been translated and is expected to be signed in January after some technical moments are thrashed out.
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https://www.rt.com/news/476542-nordstream-jatras-sanctions-us/
‘Sanctions just a hiccup’: Nord Stream 2 will be completed, & US knows it but cannot bear the thought – former US diplomat
21 Dec, 2019 10:23
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A pipelayer machine works at the construction site of the Nord Stream 2 gas pipeline, near the town of Kingisepp, Leningrad region, Russia, June 5, 2019. © REUTERS/Anton Vaganov
The Nord Stream 2 pipeline is going to be completed despite the latest US sanctions, former US diplomat Jim Jatras told RT, adding that the last-ditch attempt to derail its launch is a gesture of despair by Washington.
The 2020 National Defense Authorization Act, signed by US President Donald Trump into law on Friday, envisions harsh sanctions for the foreign contractors involved in the construction of the Nord Stream 2 pipeline.
The bill gives the companies 30 days to wind down operations before they are put on a blacklist, their visas revoked and assets frozen. Allseas, a Swiss-Dutch company that has been laying deep-sea pipes for Nord Stream 2 off the coast of Denmark, already announced that it had suspended its work and would phase out its operations in face of the sanctions threat.
Also on rt.com Big bully at work: Firm laying Nord Stream 2 pipeline halts all ‘activities’ faced with ‘crushing sanctions’ by US
Jatras, however, believes that if anything this is no more than a minor setback, which will not affect the project on a major scale.
“Nord Stream 2 will be completed. I think that this latest round of sanctions and this cessation of workers is a hiccup. It will be finished and will go into operation,” he said.
The diplomat argued that the last-ditch attempt by the US to put a spanner in the works means that the Washington establishment “cannot admit that their policy is failed”. The behavior is similar to that of a spiteful person who would try to spoil the mood for everybody around if something does not go his way, he said.
Also on rt.com ‘Interference in domestic affairs’: Germany fumes at US sanctions on Nord Stream 2 pipeline
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Trump claims ‘breakthrough’ in trade talks with China, deal to be struck ‘very shortly’
21 Dec, 2019 22:59 / Updated 5 hours ago
Get short URL
FILE PHOTO: Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, February 13, 2017. ©REUTERS/Aly Song
- 81
- 1
US President Donald Trump has said that Beijing and Washington, locked in a bitter trade dispute, will be inking a trade deal “very shortly,” claiming a breakthrough has been achieved in the recent talks.
Trump was speaking at the Turning Point USA's Student Action Summit in West Palm Beach, Florida, on Saturday, as he made the announcement.
"We just achieved a breakthrough on the trade deal and we will be signing it very shortly," he said, without providing any additional details as to the terms of the mooted agreement or the timeframe within which it is expected to be signed.
Also on rt.com China suspends tariff hike on selected US goods, expects ‘mutual respect & equality’ in future trade talks
Trump said that he spoke to his Chinese counterpart Xi Jinping on Friday, noting that Beijing has been “already buying billions and billions of agricultural products” from US farmers. The US push for China to step up purchase of US farm products has been one of the key demands of the Trump administration in the negotiations, that had dragged on for almost two years without bearing much fruit.
Also on rt.com The good, the bad & the ugly about US-China trade breakthrough
However, last week Washington and Beijing announced that they finally reached “a historic and enforceable agreement” that will see the US lowering levies on $120 billion worth of Chinese imports, while 25-percent tariffs an another $250 billion worth of Chinese goods would still remain in effect.
China reciprocated by agreeing to boost purchase of American products to up to $200 billion over the next two years, that include agricultural products. In addition, Beijing suspended a new tariff hike on a series of US goods, ranging from corn and wheat to vehicles and auto parts.
While stock markets rallied on the trade deal news, lack of specifics surrounding the accord have prompted some experts to warn against jumping the gun and declaring the agreement a sealed deal, while it is not.
In attempt to assure the markets and the public that the differences between the US and China have been already ironed out, Treasury Secretary Steven Mnuchin said last week that the deal had been translated and is expected to be signed in January after some technical moments are thrashed out.
Think your friends would be interested? Share this story!
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https://www.rt.com/news/476542-nordstream-jatras-sanctions-us/
‘Sanctions just a hiccup’: Nord Stream 2 will be completed, & US knows it but cannot bear the thought – former US diplomat
21 Dec, 2019 10:23
Get short URL
A pipelayer machine works at the construction site of the Nord Stream 2 gas pipeline, near the town of Kingisepp, Leningrad region, Russia, June 5, 2019. © REUTERS/Anton Vaganov
- 55
- 3
The Nord Stream 2 pipeline is going to be completed despite the latest US sanctions, former US diplomat Jim Jatras told RT, adding that the last-ditch attempt to derail its launch is a gesture of despair by Washington.
The 2020 National Defense Authorization Act, signed by US President Donald Trump into law on Friday, envisions harsh sanctions for the foreign contractors involved in the construction of the Nord Stream 2 pipeline.
The bill gives the companies 30 days to wind down operations before they are put on a blacklist, their visas revoked and assets frozen. Allseas, a Swiss-Dutch company that has been laying deep-sea pipes for Nord Stream 2 off the coast of Denmark, already announced that it had suspended its work and would phase out its operations in face of the sanctions threat.
Also on rt.com Big bully at work: Firm laying Nord Stream 2 pipeline halts all ‘activities’ faced with ‘crushing sanctions’ by US
Jatras, however, believes that if anything this is no more than a minor setback, which will not affect the project on a major scale.
“Nord Stream 2 will be completed. I think that this latest round of sanctions and this cessation of workers is a hiccup. It will be finished and will go into operation,” he said.
The diplomat argued that the last-ditch attempt by the US to put a spanner in the works means that the Washington establishment “cannot admit that their policy is failed”. The behavior is similar to that of a spiteful person who would try to spoil the mood for everybody around if something does not go his way, he said.
Arguing that sanctions rarely turn out to be very effective, Jatras said that he hopes European countries will stand up to the US as it acts as a global policeman while turning a blind eye on the interests of its allies.
Jatras noted that the US is used to having its allies do what it wants, but each time more people in Europe, especially in the business community, show they are sick and tired of being treated like this. “I hope they’re waking up, smelling the coffee and seeing where their interest lies”, he concluded.
Also on rt.com ‘Interference in domestic affairs’: Germany fumes at US sanctions on Nord Stream 2 pipeline
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