The head of an American business lobbying group said on Thursday he was confiden...
WASHINGTON - The head of an American business lobbying group said on Thursday he was confident that China will still meet its “Phase 1” trade deal commitments to massively increase purchases of U.S. goods and services despite the coronavirus crisis.
Craig Allen, president of the U.S.-China Business Council said that the business slowdown in China could affect the timing of purchases, but both governments were committed to meeting the targets. The group represents U.S. companies doing business in and with China. “The coronavirus doesn’t change any of that, though it might affect the timeline,” Allen told a news conference in Washington.
Under the trade deal, which officially takes effect on Saturday, China has pledged to increase U.S. goods purchases by $77 billion in 2020 and by $123 billion by 2021, compared to a baseline of U.S. imports from 2017, the year before the U.S.-China tariff war began.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
American Airlines extends flight suspensions to Hong Kong and mainland China amidst coronavirusAmerican Airlines extended its flight suspensions to mainland China and Hong Kong through late April, citing 'reduction in demand,' the company announced Tuesday. Other U.S. carriers have similarly suspended flights to China as the coronavirus outbreak continues. Delta Airlines canceled flights
Baca lebih lajut »
China arrests former China Development Bank chairman: mediaFirmer China Development Bank chairman Hu Huaibang has been arrested for suspect...
Baca lebih lajut »
China Media Capital Raises $950 Million for Third Dollar FundLi Ruigang’s China Media Capital has raised $950 million for CMC Capital Partners III, its third U.S. dollar-denominated investment fund. Documents filed this week with the Securities and Exchange …
Baca lebih lajut »
Factbox: Latest on coronavirus spreading in China and beyondHere are the latest developments around the coronavirus outbreak:
Baca lebih lajut »
OPEC slashes oil demand outlook for 2020 as coronavirus outbreak stifles ChinaOPEC has cut its forecast for oil demand growth this year, citing China's coronavirus outbreak as the 'major factor' behind its decision.
Baca lebih lajut »
Russia discharges second recovered coronavirus patient as China cases climbThe patient was the second of Russia's two confirmed cases of novel coronavirus to recover. Moscow has isolated hundreds of Russian and Chinese nationals for virus screening upon arrival from China.
Baca lebih lajut »