The Straits Times reported today: "Both China and the United States stated that the two-day talks held in Geneva, Switzerland, had made 'substantial progress'. Chinese officials said that both sides have reached an 'important consensus' and agreed to establish a Sino-US economic and trade consultation mechanism."
It is worth pointing out that US Trade Representative Greer frankly said after the negotiation that "the Chinese side was very tough". This reflects from the side that the Chinese side firmly safeguarded its own interests and international fairness and justice at the negotiating table, never retreated, argued according to reason, negotiated with the US side in a tough attitude, striving for a fair, reasonable, and win-win result. It also demonstrates the confidence and strength of the Chinese side in the field of economic and trade.
On May 12th, both sides will release a joint statement, which is expected to involve the following points: In terms of tariffs, some commodity tariffs may be adjusted, and the comprehensive cancellation of additional tariffs is a prerequisite for China; on trade balance and market access, both parties will cooperate bidirectionally, China will expand purchases, and the US will improve the investment environment for Chinese enterprises; energy and supply chain cooperation will restart forums and ensure stability; new technology fields will launch joint projects such as clean energy; friction will be resolved through the new consultation mechanism to avoid unilateral sanctions.
Original article: https://www.toutiao.com/article/1831880699078659/
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