Trump says he discussed N
- Author: Darren Santiago Dec 23, 2019,
Dec 23, 2019, 0:49
China on Thursday unveiled a new list of import tariff exemptions for six chemical and oil products from the United States, days after the world's two largest economies announced a Phase 1 trade deal.
While stock markets rallied on the trade deal news, lack of specifics surrounding the accord have prompted some experts to warn against jumping the gun and declaring the agreement a sealed deal, while it is not. "Formal signing being arranged", Trump said in a tweet December 20, adding they also discussed North Korea and Hong Kong.
Economists continue to puzzle over the details of the US-China phase one deal announced last Friday, particularly Washington's demand that Beijing imports an extra US$200 billion of American goods and services over two years. He said it would be "a good sign" if the Hong Kong elections took place without violence.
China was angered when Trump last month signed legislation that authorizes sanctions on Chinese and Hong Kong officials responsible for human rights abuses in Hong Kong, in what was seen as support for pro-democracy activists.
Underneath the deal, the U.S. would agree to scale back some tariffs in change for a giant bounce in Chinese language purchases of American farm merchandise.
In a phone conversation with Trump, Xi "noted that the U.S. behaviours have interfered in China's internal affairs and harmed China's interests, which is detrimental to the mutual trust and bilateral cooperation", state news agency Xinhua said.
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"These actions have interfered with China's internal affairs, damaged China's interests and undermined mutual trust and cooperation between the two sides", said Xinhua.
U.S. and Chinese teams finalized the package last week.
A primary concern for the United States is the threat of North Korean leader Kim Jong Un for what Pyongyang has called a "Christmas gift".
China hopes Washington will "pay high attention and attach great importance to China's concerns", Mr Xi was reported as saying.
It was unclear, however, what they discussed regarding North Korea.
Trump further said that he was looking forward to maintaining regular communication with Xi by various means, a move which was also agreed by Xi.