A ceasefire between the Sino-US trade wars and the cancellation of tariffs on timber!
Release Date: 2018-5-22 Source: Network
The special envoy of the president who is visiting the United States, the member of the Political Bureau of the CPC Central Committee, the vice premier of the State Council, and the Chinese leader of the China-U.S. Comprehensive Economic Dialogue accepted the media on the morning of the 19th. He said that the biggest achievement of the Sino-U.S. economic and trade consultations was that the two sides reached a consensus, did not fight a trade war, and stopped levying tariffs on each other.
This represents that both China and the United States will strengthen trade cooperation in the fields of energy, timber, agricultural products, and finance. This is not only a win-win choice but also conducive to the stability and prosperity of global economic trade.
Then it released a brief, but far-reaching “Joint Statement,” which includes policies that are very beneficial to timber traders:
The two sides agreed that effective measures will be taken to substantially reduce the US trade deficit with China’s goods. The total volume of Sino-U.S. trade should reach a record high.
Since the US trade deficit with China is reduced in the form of a non-trade war, it is certainly not to reduce China’s exports to the United States, but to increase China’s imports to the United States. As we all know, the United States is one of the major timber importing countries in China. To increase imports from China to the United States, the timber industry will contribute a significant share. In order for this share to be reached, it is expected that a wave of favorable policies will come. The timber trade, especially the timber trade between China and the United States, will usher in a wave of small climaxes.