Tag: Phase one trade deal

Dollar will crash because US ability to export its overvalued currency is coming to an end

Tina Marie (Ms. Cat)

Dollar will crash because US ability to export its overvalued currency is coming to an end – Peter Schiff

“We’re headed for a real crisis, so the problem isn’t China taking advantage of us, it’s that we’ve actually been able to take advantage of them by exporting our overvalued currency for their products. And I think the ability of the United States to continue to do this is coming to an end.”

China, US to sign phase one trade agreement next week

Tina Marie (Ms. Cat)

Updated: Jan 09,2020 07:49 PM    Xinhua

BEIJING — China will sign the phase one economic and trade agreement with the United States next week in Washington, the Ministry of Commerce (MOC) said on Jan 9.
At the invitation of the US side, Vice-Premier Liu He, also a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, will lead a delegation to visit Washington from Jan 13 to 15, MOC spokesperson Gao Feng told a regular news conference.
The two sides are in close contact for the arrangements of the signing of the agreement, Gao added.
— Read on english.www.gov.cn/statecouncil/liuhe/202001/09/content_WS5e171335c6d0cee5d284b75d.html

China, US shouldn’t rush phase one deal – Global Times

Tina Marie (Ms. Cat)

Given the potential significance of the phase one deal for ending the costly trade tussle and even for the future of the world’s most consequential bilateral relationship, it is imperative for both sides to get the deal done right, rather than in a rush.

From discrepancies in official statements on both sides, it is apparent that there are still some final details to be worked out. For example, US officials have unilaterally disclosed information, such as the amount of China’s purchases of US products, and the date and location for the signing ceremony. 

Chinese officials have not publicly confirmed any of this information.

— Read on www.globaltimes.cn/content/1175929.shtml