Milan, Oct. 26 (LaPresse) – China and the United States have agreed on a preliminary framework deal on tariffs after two days of talks in Kuala Lumpur, Malaysia, marking a reduction in tensions ahead of a possible meeting between the presidents of the world’s two largest economies. Speaking to reporters after the talks, Chinese trade negotiator Li Chenggang said that a "preliminary consensus" had been reached on tariffs and that the agreement would be submitted for domestic approval by both parties. He described the U.S. position as "tough," while China was “firm” in defending its interests and rights. The South China Morning Post reported this. Both Beijing and Washington “believe that a stable China–U.S. relationship is positive for both sides,” Li added.
For his part, U.S. trade representative Jamieson Greer said: “We have discussed a framework. I think we are getting close to the final details of the kind of agreement that the leaders will be able to review and decide whether they want to move forward together.”
© Copyright LaPresse
