China puts a positive face on a first-step trade agreement that dials down a war it blames the U.S. for starting.
China put a positive face Saturday on a first-step trade agreement that dials down a trade war it blames the U.S. for starting.
“It at least stabilizes the situation and lays a foundation for the next round of trade talks or canceling additional tariffs in the future,” said Tu Xinquan, a professor at the University of International Business and Economics in Beijing. “I cannot predict what achievement can be made during the future talks.”
China portrayed the agreement as evidence of the opening up of its economy and the deepening of its economic reforms. Increased imports of high-quality products from the United States and elsewhere will “meet the growing needs of the people for a better life,” Wang Shouwen, a deputy commerce minister and trade negotiator, said in a statement.
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