By Admin 
China-as trade deal: US President Donald Trump said the US and China have signed the trade agreement. With this, Trump also hoped to do a trade deal with India soon. US Commerce Minister Howard Lutnik told in an interview to Bloomberg TV that in the beginning of this week, there is talk on the trade deal between the two countries. However, none of both Lutynik and Trump gave more details about this.
Two countries meeting was held in Geneva
Trump said on Thursday night, we have signed a trade deal with China. Lutnik also informed about signing and sealing on this deal two days ago. Recently on June 11, Trump said that there was an agreement between the US and China, under which China will supply magnets and rare mineral elements and in return the US will allow Chinese students to study in its colleges and universities. After this rare mineral deal with China, the US will impose 55 percent tax on goods and only 10 % on goods coming from America if it is imported from China.
Is China going to supply rare meaning in America?
On Thursday, Bloomberg News quoted US Commerce Secretary Howard Lutenik as saying that “China is going to deliver us the rare meaning.” If they do this, then we will also remove the sanctions imposed on them. ”
He cited the export sanctions imposed on China in May as US authorities accused Beijing of not respecting the agreement in Geneva that month and stopping the export of rare soil. Donald Trump also informed about the quick deal with India at a program organized to pass the Tax and Expenditure Cut Bill of the Republican Party at the White House on Thursday.
China also confirmed
China’s Ministry of Commerce also said on Friday that both sides confirmed the details of the framework. However, there was no mention of sending rare economy magnets to America in this statement. However, this statement said, “China will approve export applications of controlled goods that fulfill the conditions according to the law. The United States will cancel a series of restrictive measures raised against China accordingly. It is expected that both America and China will take initiatives in equal.
Earlier, in early May there was a meeting between the officials of the two countries in Geneva, which was aimed at reducing the trade deal as it was considered dangerous for the global economy. During this time the American side was led by Treasury Secretary Scott Besant and Top Business Representative Jamison Greer. At the same time, China represented China.
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