Phase One trade deal stops draining money, but won’t end US-China dispute: US Chamber


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Phase One trade deal stops draining money, but won’t end US-China dispute: US Chamber

On Monday, the 13th of January 2020, fanning the flames further over growing scepticisms on a “Phase One” US-China trade deal, a Senior US Chamber of Commerce official said the China trade deal aimed at putting an end to an 18-month-long acrimonious trade torment might not exactly be the same what it seemed outside, adding the “Phase One” trade deal scheduled to be signed off on January 15th might “stop the bleeding,” but would not be able to end the trade spat given the extent of challenges yet to resolve.

Besides, the US Chamber’s Executive Vice President, Myron Brilliant, said in a media briefing in the Chinese Capital city of Beijing on Monday (January 15th) that there might be a clear sigh of relief from both sides regarding the “Phase One” trade agreement, while he also added that the reaction of “Phase One” trade deal seemed to be more positive than thought earlier.

Meanwhile, warning significant challenges ahead over the “Phase 2” trade deal, Brilliant said on Monday (January 13th) in Beijing, “Implementation of Phase 1 will be important to building trust and certainty, building off the success of the negotiation.

At the same time, it’s important that the two sides demonstrate a commitment to moving forward on the Phase 2 negotiations. ”