During the two-day round of trade talks in London, China and the United States made new progress in resolving mutual economic and trade issues. The two sides concluded an agreement in principle to implement the consensus reached in a telephone conversation between Presidents Xi Jinping and Donald Trump, building on the May talks in Geneva.

Chinese Vice Premier He Lifeng described the London meeting as an important consultation that confirmed the strategic leadership of the two heads of state. According to him, the essence of Sino-US trade relations lies in mutually beneficial cooperationnot in confrontation.

At the Geneva talks in May, the two countries agreed on a significant reduction in tariffs: the US has eliminated 91 % of additional tariffs on Chinese goods, China has reciprocally eliminated the same proportion of retaliatory measures. Both sides also suspended additional duties for a period of 90 days.

The consequences were immediate - according to the company Vizion container bookings from China to the U.S. have increased by almost 300 %, a přístav Yantian v Shenzhenu zaznamenal volume increase of more than 60 %.

China Sales Representative Li Chenggang expressed the hope that the progress made would strengthen vzájemnou důvěru a přispěje k the stable and healthy development of bilateral relations. Americký profesor Sun Taiyi added that London had brought a clear understanding of the positions of both sides and confirmed that cooperation is preferable to long-term confrontation.

CMG