Acuerdo entre EE.UU. y China busca reparar los daños de una guerra comercial autoinfligida – Chicago Tribune

By CHRIS MEGERIAN, DIDI TANG and PAUL WISEMAN

BUSAN, South Korea (AP) — Three-digit charges have been removed, but import charges between countries are still higher than in January.

Rare third-party materials can be traded more smoothly, but China has implemented an export permit regime that can be adjusted if necessary.

Port rates disappear, but only for one year.

In addition, Beijing will again buy estadounidense soybeans, after suddenly starting to work from farmers in the United States.

After a few months of positions, discussions and actions, the President of the American State, Donald Trump, and his Chinese counterpart Xi Jinping have practically decided to do these things as established. So much so that Trump called the meeting between the two members a “round of failure,” the resulting event may serve to undo some of the damage that caused Trump’s trade war to return to Casa Blanca.

“It’s hard to see the United States having big responsibilities in bilateral relations compared to the situation that existed before Trump took on the cargo,” said Eswar Prasad, an economist at Cornell University.

In the Senate, Minority Leader Chuck Schumer shut down young people against the South Korea treaty, saying the United States “is not better.”

“Indeed, things are strong: The prices I have done in increasing and in China have not been sustained to improve trade between our nations,” the Democratic senator said, adding that Trump “started a trade war, created a big lion for businesses, consumers and soybean farmers, and then they celebrate treating the lion that he also created in the first place.”

Yet the fact has achieved a degree of stability, extending to the world’s two largest economies – as well as the rest of the planet – with time and space to readjust.

Washington and Beijing must finalize their facts, a process that always has the potential to generate new disputes. But now Xi seems interested in uncovering the latest tensions.

In an official statement, Xi told the “recent altibajos” that he “ofrecieron algunas lecciones para abas partes.” Añadió que deberían “center the benefits of cooperation in place in a vicious cycle of mutual reprisals”.

Reduction of aranceles and recovery of soybean sales in China

Trump announced the first disparity in the trade war last February, when he imposed an additional 10% arancel on chino products, accusing Beijing of not doing so enough to fuel the flow of chemicals used to make fentanil. Those import taxes disappeared to a rate of 145% after China took a crackdown, but Trump marched there to a collapse in the markets.

We respectively cut our huge aranceles to 10% in May, even though Washington was missing the 20% fentanilo-related arancel, and China has its 10% or 15% crackdown aranceles on established agricultural products.

Now, Trump has announced that he has eliminated a 10% arancel linked to fentanil in exchange for Beijing’s cooperation in combating the illicit narcotic.

U.S. Agriculture Secretary Brooke Rollins said China is also withdrawing its representative agencies on domestic agricultural products. A spokesperson for China’s Ministry of Commerce indicated, without going into details, that Beijing is “adjusting” its countermeasures accordingly.

Additionally, China has agreed to purchase 12 million estadounidense soy tonics through last year, and has acquired at least 25 million tonics annually over the next three years, Rollins the Younger announced.

This compares to China which contains 17 million tons of estadounidense soybeans in the first month of this year, but without importing them in September. Last year, China received 22 million tons of estadounidense soybeans, according to average reports.

Although China has not confirmed the latest details regarding soybeans, the port of China’s Ministry of Commerce said the two sides have reached a “consensus” to expand agricultural trade.

One-year tregua in export controls and port tariffs

China used its monopoly power over the critical minerals process in April to order the implementation of a series of permits for the export of various rare earth elements. Beijing expanded export rules on October 9, apparently in response to the United States’ decision to extend export controls to companies affiliated with foreign companies that are on the blacklist.

Furious, Trump threatened to impose a new 100% ban on China, but shared his sense of calm for Trump to meet with Xi in South Korea.

Beijing told the youth that it would suspend rare earth export rules for a year starting in October to “conduct investigations into the refining of specific aircraft,” while the United States would suspend its affiliation rules for a year.

Beijing’s response “provides sufficient time for the United States to accelerate the reversal of capabilities and innovation for rare levels and permanent images,” said Wade Senti, president of Estadounide permanent images company AML. “This requires increasing the speed of light for sightless escalation before the COVID-19 response,” he asserted.

Another recent development in relations was the United States’ October introduction of port tariffs on Chinese-built vessels, as part of a plan to restore US shipbuilding capabilities. Beijing responded with countermeasures.

Tariffs between countries around the world are not eliminated, but they will be suspended for one year, the Chinese Ministry of Commerce informed.

The future sigue siendo incierto

Trump is found to accept a return to the status quo or pressure to address the fundamental problems that have persisted over the years between the United States and China. The youth meeting alone – the first between Trump and Xi in six years – affects Chinese manufacturing power that Trump has blamed for the loss of US jobs.

Sean Stein, president of the U.S.-China Business Council, said the most recent events were “for many employees” and added: “We hope that future negotiations will address large data barriers to market access, to improve conditions for established and established businesses.” predictability plays an important role in the bilateral trade relationship.

There are more opportunities on the horizon to continue your work in these challenges. Trump said he would travel to China in April and after that Xi would visit the United States.

If Trump did not succeed, this period could be recorded for the ruin that caused and small changes in the upward trajectory of the Chinese economy.

“In general, Trump has been patient with anything that doesn’t happen immediately, and he’s the one playing for sales in a big place,” said Kurt Campbell, a former deputy secretary of state during President Joe Biden’s term and current president of the Asia Group.

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Tang and Wiseman inform Washington. Associated Press reporter Josh Funk in Omaha, Nebraska, contributed this enthusiasm.

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This story was translated into English by an AP editor with the help of a generative artificial intelligence tool.