The United States and China are moving closer to an agreement

The two largest economies in the world have begun to shape the binding conditions in general to the points that created the biggest problems in the trade dispute. This is the most significant step in their progress towards the end of the seven-month war.

The United States and China have entered a spiral of billions of dollars on almost all commodities and thus led to a slowdown in the global economy, confusing logistics chains, supplies and schedules to various companies in the industry. Huawei's rhetorical shootouts, the theft of intellectual property, and the yuan course only poured more oil into the fire.

Today and tomorrow are the last days of the Washington talks, but as a whole, negotiators are still far removed from major topics. But the two sides are pushing for an agreement before the deadline of March 1. Then ends the 90-day truce, which Trump and Xi agreed on.

Six memoranda are being prepared to address critical structural issues such as: violent technology transfer and cyber crimes, intellectual property rights, services, currency, agriculture and other barriers to trade.

Time is on the way, and there is not much left to resolve the conflict. Failure will result in new US $ 200 billion US tariffs on Chinese goods. Trump believes the Chinese will want this not to happen and they are doing everything they can in the quickest way.

Source: CNBC

Photo: Unsplash

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