Posted on April 01, 2019
New progress on trade and economic issues had made in the eighth round of high-level economic and trade consultations, headed by United States Trade Representative Robert Lighthizer on the US side, on March 28 in Beijing.
The two sides discussed "relevant texts of agreement" during the two-day talks, co-chaired by Chinese Vice-Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin.
The meeting was a prelude to the ninth round of high-level talks scheduled next week in Washington that Vice-Premier Liu is set to attend.
China and the US have been expediting their economic and trade consultations, with a goal of implementing the consensuses reached by both countries' leaders in December.
As we all know, last year, US President Donald Trump had planned to raise tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports into the United States. However, after recent talks between the two nations made "substantial progress", Trump had announced that he would be delaying an increase in tariffs against China.
Our customer, as a global company, has vendors and service providers all over the world. With the rapid development over the last few decades, China has become a big manufacturing country in the world. Most of customer’s accessories are made and imported from China. The delay of increasing in tariff and the progress made during the trade talks would certainly be a positive sign not only for the trade war but also for our customer.
Contributor: Fernando Shen
About Allyn International
Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North and South America, Europe and Asia. Allyn’s regional headquarters are strategically located in Fort Myers, Florida, U.S.A., Shanghai, P.R. China and Prague, Czech Republic. For more information, visit www.allynintl.com.