China Is ’Immediately’ Implementing Measures on Trade Truce with US

Local Editor

China announced it will "immediately" implement measures agreed under a trade war truce with the United States.

The commerce ministry's remarks on Thursday came days after US President Donald Trump and Chinese leader Xi Jinping, who met on the sidelines of a Group of 20 summit in Argentina, agreed to give negotiators 90 days to resolve their trade spat.

Few details have been made public about what the two sides will negotiate, a lack of clarity that has unsettled stock markets.

"China will immediately implement the consensus both sides already reached on agricultural products, energy, autos and other specific items," commerce ministry spokesman Gao Feng said at a regular press briefing.

The two sides will also discuss intellectual property protection, technology cooperation, market access and "fair trade", and "work hard to reach a consensus", Gao said.

But the spokesman did not provide more specific details about what actions China will take.

The White House, for its part, said China agreed to purchase a "very substantial" amount of agricultural, energy, industrial and other products to reduce the yawning trade gap. It also would begin buying products from US farmers "immediately".

Source: News Agencies, Edited by website team