Caixin
Dec 06, 2018 08:31 PM
ECONOMY

Beijing Vows to Immediately Implement Trade Truce Over Energy, Cars and Agriculture Products

Workers take samples of soybeans on a ship at the port of Yantai in East China’s Shandong Province in July 2016. Photo: VCG
Workers take samples of soybeans on a ship at the port of Yantai in East China’s Shandong Province in July 2016. Photo: VCG

The Ministry of Commerce said Thursday China will immediately start implementing agreements on agricultural products, energy and cars that were reached at the weekend summit between Chinese and U.S. leaders over their ongoing trade dispute.

Calling the talks with the U.S. “smooth,” Ministry Spokesman Gao Feng said at Thursday’s news conference that China is “fully confident” it will reach an agreement with the U.S. in 90 days, though he didn’t offer details. He added that the talks will also address areas such as intellectual property rights, technology cooperation, market access, and the trade imbalance.

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