The American side accusation of violating the terms of temporary agreement in Geneva last month to reduce customs duties today stressed that the Chinese government was strongly rejecting. Washington “made false accusations”, “irrational to China of violating the agreement, which is completely opposed to events,” the Chinese Ministry of Commerce said, insisting that Beijing is “strongly rejecting these irrational accusations”. After months of trade war, the two parties reduced their customs duties by 115 percentage points for a period of 90 days, after two days of negotiations last month in Geneva. “Both countries represented their national interest very well,” said US Finance Minister Scott Besed. “We have both interests in a balanced trade, the US will continue to move towards this.” For its part, China had expressed its satisfaction with the “significant progress” made with the United States according to […]
Source: News Beast
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