The United States and China agreed on Saturday to restart trade talks and that Washington would hold off on imposing new tariffs on Chinese exports, signaling a pause in the trade hostilities between the world's two largest economies.
(SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP, SAYING: "We are going to continue the negotiation.
We agree that I would not be putting tariffs on the $325 billion dollars, that I would have the ability to put on if I wanted." A step forward in the long-running trade war between the U.S. and China.
President Donald Trump and Chinese leader Xi Jinping sat for talks on their ongoing friction on Saturday (June 29).
Where Washington agreed not to slap a fresh round of tarrifs on exports from China.
President Trump also added that U.S. companies can sell to Chinese tech giant Huawei.
A firm that's become a target for authorities.
(SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP, SAYING: "We mentioned Huawei, I said we have to save that till the very end, we'll have to see." WHITE FLASH "One of the things I will allow however is, a lot of people are surprised, we send and we sell to Huawei a tremendous amount of product that go into the various things that they make, and I said that, that's okay that we will keep selling those products." Trump said although he won't be adding a fresh round of levies, he would not lift existing import tarriffs.
In a statement, China's foreign ministry said Xi told Trump he hoped the U.S. could treat Chinese companies fairly.
Talks between the two collapsed over a month ago.
After Washington accused Beijing of pulling back on reform pledges.
This new truce has offered relief from a nearly year-long trade standoff.
In which the countries have placed tariffs on billions of dollars of each other's imports.
Disrupting supply lines, rocking markets and dragging on global economic growth.
No timeline has yet been given on what will likely be a complex deal.
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Credit: PA - Press Association STUDIO Duration: 02:10Published
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Union Health Minister Harsh vardhan spoke at a joint meeting with G20 finance and health ministers. Harsh Vardhan said that flattening of the curve requires collaborative efforts. "Current pandemic highlights the need for global solidarity. Flattening the curve will require collaborative efforts. Need to focus on creating an effective healthcare system. Well developed healthcare system can support containing pandemic. Need to ensure that access to covid diagnosis is fair. India stands together with the world to save lives and protect people’s health," he said. The health minister earlier said that the Covid-19 vaccine will be available in india by early 2021. In India, three indigenous vaccine candidates have reached different trial phases. Harsh Vardhan said, "We have been working to develop a covid vaccine. PM Modi has been monitoring vaccine development personally. Planning underway with expert groups about vaccine distribution. Three indigenous vaccine candidates have reached phase I, II and III. An expert group under PM Modi’s guidance is also looking at this. Hopeful that a vaccine should be available by early next year. We are also in touch with world health organization over the issue. We are among those countries which have isolated the virus.
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Chinese telecom giant Huawei Technologies said on Wednesday its supply chain was under attack from the United States and called on Washington to reconsider trade restrictions which are hurting suppliers globally. Francis Maguire reports.
China blamed the United Kingdom on Thursday for deteriorating ties after Prime Minister Boris Johnson slapped a 5G ban on Huawei, accusing London of poisoning the relationship by meddling in Hong Kong's affairs.
The United States appears to be getting on China's very last nerve. That is, if the remarks made by China's Ambassador to the United Nations on Thursday truly reflects Beijing's sentiments. According to CNN, at a tense meeting of the UN Security Council, Zhang Jun said Thursday that the US has 'created enough troubles for the world already.' Zhang Jun's comments was a retort to US Representative to the UN Kelly Craft, who accused China of hiding the virus's origin and minimizing its danger.
A protest was organised against China outside the United Nations office in Geneva, Switzerland. The 3-day long demonstration, consisting of a photo exhibition, was organised by a group called the World Uyghur Congress. It was titled 'Made In China = Uyghur Forced Labour'. The protestors accused the Chinese government of forcing the Uyghurs, a Muslim minority group in the country's northwest Xinjiang province, into forced labour and even attempting a genocide. Beijing has allegedly been trying to stamp out the community's religious and cultural identity in order to assimilate it more fully into the majority Han Chinese community. Dolkun Isa, president of the World Uyghur Congress, sought international pressure on China to stop the Uyghurs' persecution and boycott by international companies to prevent forced labour. Watch the full video for more.
Credit: HT Digital Content Duration: 02:14Published
The United States and China agreed on Saturday to restart trade talks and that Washington would hold off on imposing new tariffs on Chinese exports, signaling a pause in the trade hostilities between..