The U.S. government expects China to honor its commitments to buy more U.S. good...
WASHINGTON - The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world’s two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday.
The U.S. Treasury official said it was too soon to make accurate forecasts for the impact of the virus on the global economy, but the base case scenario foresees China’s growth dropping in the first quarter and then rebounding sharply. The impact could be more significant if the outbreak worsens, said the official, who requested anonymity.
Asked if the outbreak would require changes to the Phase 1 trade deal with China, the official told reporters, “At this stage, we’re not expecting changes to implementation of Phase 1 ... We still expect them to meet their commitment, but it’s over a period of time.” U.S. Treasury Secretary Steven Mnuchin will discuss the economic impact of the epidemic with senior finance officials and central bankers from the world’s 20 largest economies in the Saudi capital of Riyadh this week.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Airlines suspend China flights due to coronavirus outbreakAirlines are suspending flights to China in the wake of the new coronavirus outb...
Baca lebih lajut »
China cuts benchmark lending rates amid coronavirus outbreakThe People's Bank of China cut the one-year loan prime rate from 4.15% to 4.05%, and the five-year rate from 4.80% to 4.75%.
Baca lebih lajut »
Coronavirus outbreak in China spurs supply chain shifts that began during trade warThe China's Council for the Promotion of International Trade have issued 1,615 force majeure slips to help companies avoid penalties for not being able to meet contractual obligations amid the COVID-19 outbreak.
Baca lebih lajut »
Novel coronavirus appears to be stabilizing in China amid fears of new outbreak in JapanWeeks into the novel coronavirus crisis, the outbreak finally appears to be stabilizing in central China, where the virus was initially detected before it spread throughout the country and the world.
Baca lebih lajut »
Airlines suspend China flights due to coronavirus outbreakAirlines are suspending flights to China in the wake of the new coronavirus outb...
Baca lebih lajut »
Manufacturers entangled in logistical nightmare as virus-hit China limps back to workBlocked highways. Stranded workers. Dwindling supplies. Shipping and air freight...
Baca lebih lajut »