"미중 무역합의 작동 중국에 달려...2단계 협상 아직" A 'phase one' trade deal between the U.S. and China was reached last Friday,... but there are still concerns over the various gray areas in the agreement.
However, Washington's top negotiator insists the pact is "totally done" and only requires the required signatures early next month to take effect.
Kan Hyeong-woo reports.
U.S. Trade Representative Robert Lighthizer says the 'phase one' trade deal reached last Friday between Washington and Beijing is "totally done."
His comments came in response to concerns over the deal's gray areas.
Speaking with American broadcaster CBS on Sunday,...Lighthizer said there's a translation period and there are "scrubs" but the agreement itself is set.
The U.S. Trade Representative added a date and location for senior officials from Washington and Beijing to formally sign the deal has yet to be confirmed, but he expects it to happen in early January.
The phase one deal, announced last Friday, is set to cut in half the U.S.' 15-percent tariff on 120 billion dollars worth of Chinese goods.
In exchange, Beijing will increase purchases for American agricultural, manufactured and energy products by some 200 billion dollars over the next two years.
But Lighthizer made it clear the success of the deal will depend on who's making the decisions in Beijing...saying it hangs on whether the hardliners or reformers make the call.
The U.S. Trade Representative added the deal would not solve all of the problems between the world's two largest economies because integrating America's private-sector led economic system with China's state-run system will take years.
About talks on the 'phase two' trade deal,...Lighthizer said there's no set date for negotiations to begin, but they will be determined by how the phase one deal is implemented.
Kan Hyeong-woo, Arirang News.
#U.S. #Trade #china
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