{"id":266457,"date":"2020-08-25T22:11:50","date_gmt":"2020-08-26T02:11:50","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=266457"},"modified":"2020-08-25T22:11:50","modified_gmt":"2020-08-26T02:11:50","slug":"china-us-agree-to-push-forward-phase-1-of-trade-deal","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/08\/25\/china-us-agree-to-push-forward-phase-1-of-trade-deal\/","title":{"rendered":"China, US agree to push forward phase 1 of trade deal"},"content":{"rendered":"
\"ShutterStock<\/a>
The development comes as relations between the US and China are at a historic low. (Shutterstock Photo)<\/figcaption><\/figure>\n

ANKARA<\/strong> \u2013 In a breakthrough amid faltering bilateral ties, trade chiefs of China and the US Tuesday held phone talks to discuss the first phase of a trade deal.<\/p>\n

The phone conversation ended in an agreement that both the sides will \u201ccreate conditions and atmosphere to continue pushing forward the implementation of the trade deal,\u201d Xinhua news reported.<\/p>\n

The development comes as relations between the US and China are at a historic low.<\/p>\n

China\u2019s Vice-Premier Liu He, chief of the Chinese side of the China-US comprehensive economic dialogue, held the phone talks with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin early Tuesday morning.<\/p>\n

\u201cThe two sides conducted a constructive dialogue on such issues as strengthening bilateral coordination of macroeconomic policies and the implementation of the China-US phase-one economic and trade agreement,\u201d the report added.<\/p>\n

The call was originally scheduled to be held on Aug. 15 but was delayed.<\/p>\n

Washington has slapped restrictions on many Chinese companies, including tech giant Huawei, for their alleged links to the Communist Party of China.<\/p>\n

Both the countries signed a phase-one trade deal in the middle of January, marking a major milestone in a more than two-year trade war between them.<\/p>\n

Following the outbreak of the coronavirus, relationships dipped as US President Donald Trump accused Beijing of letting the virus spread after it originated in Wuhan, China.<\/p>\n

Washington has further escalated tensions, saying China’s \u201ceconomic power is in some ways a greater global threat then the Soviet Union was during the Cold War.\u201d<\/p>\n

The US-China bilateral trade reached around USD560 billion in 2019.<\/p>\n

Early this month, Trump signed two executive orders banning any transactions by the US residents and companies with Chinese-owned social media apps TikTok and WeChat, beginning Sept. 20.<\/p>\n

TikTok has launched a legal battle against Trump\u2019s orders while planning to shut down in the US. (Anadolu)<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

ANKARA \u2013 In a breakthrough amid faltering bilateral ties, trade chiefs of China and the US Tuesday held phone talks …<\/p>\n","protected":false},"author":44,"featured_media":32590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,16,17],"tags":[],"class_list":["post-266457","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","category-news-w","mauthors-anadolu","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/266457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=266457"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/266457\/revisions"}],"predecessor-version":[{"id":266460,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/266457\/revisions\/266460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/32590"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=266457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=266457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=266457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}