China Implementing Agreed-Upon Trade Deals With US, Official Says

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But he also warned that tougher tariffs could be on the horizon if the Chinese don't play ball.

"The Chinese side will start with implementing specifics on which there is already consensus, the faster the better".

Donald Trump and Xi Jinping met dinner in at G20 in Argentina.

China is fully confident that it can reach a trade deal with the USA within the 90 days set for talks, Gao said.

"If it is, we will get it done. China has agreed to start purchasing agricultural product from our farmers immediately".

"I think that if you put the two press releases together, you can see what basically happened", Cui Tiankai told Reuters in Washington on Monday after returning from Buenos Aires, where he had joined Xi's delegation.

Kudlow also said the goal was to eliminate all tariffs on any imports, which is a departure from what Trump wrote on Tuesday in a Twitter post, when he said he was a "tariff man". "Ultimately, I believe, we will be making a deal - either now or into the future", Trump tweeted on December 4.

"This is a specific step taken by the Chinese side to strengthen protection of intellectual property and crackdown on IP rights violations", Geng said.

"Nothing's been removed, nothing's been stopped, things are just delayed", said Stephen Lamar, executive vice president of the American Apparel & Footwear Association, which represents more than 1,000 manufacturers, retailers and name brands.

One of the few automotive stocks to score a gain on Tuesday was Tesla which only recently began work on a new factory in Shanghai that eventually will let it sidestep the tariff battle.

The US has levied additional duties of between 10 per cent and 25 per cent on US$250 billion (S$x billion) of Chinese goods this year as punishment for what it calls China's unfair trade practices. "Tariffs reduce incomes for American taxpayers, and the effect is greater for middle and lower-income families". "China does not want Tariffs!"

Beijing pledged to import more United States products to narrow its massive trade surplus with the U.S. following the Argentina talks, but it has given few details about what was agreed.

But Trump and European leaders stepped back from the brink of a trade war over autos during the summer, agreeing to open talks to tear down trade barriers between the United States and the EU.

Currently, China is facing a pig health crisis caused by African Swine Fever, which is forcing them to slaughter domestic pigs and import a good portion of their pork.

This year, the Trump administration instigated a trade war on Beijing, imposing tariffs on a total of $250bn of Chinese imports.

Based on reciprocity, mutual benefit and mutual respect, the win-win cooperation between China and US could be achieved through communication and negotiation instead of confrontation, Zhang concluded.

Meanwhile, White House National Economic Council Director Larry Kudlow said there wasn't an actual agreement for China to remove auto tariffs, but that he expected China to eventually do it as a measure of good faith.

China's foreign ministry, the only government department that holds a daily briefing foreign media can attend, has repeatedly referred questions on details to the commerce ministry, which has yet to say anything. Should China remove the tariffs now, USA soybean would likely still be uncompetitive in the global market as harvest season approaches for the crop in South America.

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