Chinese Commerce Ministry spokesman Gao Feng repeated in a regular press briefing that the meeting between Xi and Trump in Argentina was “very successful and has reached important consensus on economic and trade issues.” He added both countries have “high degree of interest in economic and trade issues and have natural and complementary structural need”. And team from both sides are working closely to reach an agreement within the next 90 days. He also added the “ultimate goal” is to cancel all “raised” tariffs. (He didn’t say all tariffs).
Gao also explained that the agreement will start with agricultural products, energy, automobiles, etc. And both sides would “immediately implement specific issues that the two sides have reached consensus.” During the 90 days period, there will be “conduct consultations on issues such as intellectual property protection, technical cooperation, market access, and trade balance”, in accordance with a clear timetable and roadmap.
Besides, “in the fields of protecting intellectual property rights, promoting fair competition, and relaxing market access” Gao said “China and the United States and enterprises of both countries share common demands, which is also in line with China’s consistent direction of deepening reform and opening up”.
