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US, China trade envoys promise ‘favorable conditions’

May 8, 2020

Via: ABC News

BEIJING — U.S. and Chinese trade negotiators promised to create “favorable conditions” for carrying out a truce in their governments’ tariff war during a phone call Friday, an official Chinese news agency reported.

The call followed a threat by President Donald Trump to pull out of the agreement if Beijing fails to buy more American goods and services in exchange for Washington suspending planned tariff hikes.

The plunge in economic activity and trade due to the coronavirus pandemic has depressed Chinese demand for foreign goods and diverted official priorities away from ending the tariff fight.

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