The US and China should work together in the first phase of the trade agreement

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The Ministry of Commerce of China said in a statement Thursday that Washington and Beijing should work together to create conditions for the implementation of the first phase of the trade agreement.

In response to the US Trade Representative’s comment about possibly lifting partial tariffs on Chinese goods, the country’s Commerce Ministry said: “We would welcome the US measures.”

This comes after a Bloomberg report previously reported that ‘China’s imports of goods from the United States have only reached about 53% of the $ 200 billion in additional products and services it promised to buy under the signed trade deal. last year’.

Market reaction

Amid mounting concerns over Evergrande, anxiety over the US-China trade deal adds pressure on the Australian dollar.

AUD / USD is trading at 0.7486, losing 0.37% on the day at time of writing. The pair reached multi-month highs at 0.7547 early in the Asian session.

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