Beijing promised to implement the phase one deal despite renewed tensions with Washington.
“We will work with the United States to implement the phase one China-U.S. economic and trade agreement,” Premier Li Keqiang told an annual gathering of Chinese lawmakers in Beijing on Friday. “China will continue to boost economic and trade cooperation with other countries to deliver mutual benefits.”back in January, following months of prolonged negotiations which took a toll on market sentiment for much of 2019.of U.S.
Trump’s hardline stance on China, which he has amplified in recent weeks, has many worried about a derailment of the phase one trade deal—something he has repeatedlyThe phase one agreement has come under threat as the U.S. and China escalate disputes over a range of issues, including blame for the coronavirus pandemic, financial oversight of Chinese companies and new national security laws for Hong Kong.
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