Published: Fri, January 04, 2019
Money | By Ralph Mccoy

‘Apple sales should pick up when US China strike trade deal’

‘Apple sales should pick up when US China strike trade deal’

Since the agreement there have been tentative signs that China is ready to make concessions to the United States in order to lessen the impact of the trade war on its economy, with the Wall Street Journal reporting in December that Beijing is preparing to replace its Made in China 2025 plan with a new economic blueprint that would aim for increased access to China for foreign companies.

Jeffrey Gerrish, the USA deputy trade representative will lead the delegation travelling from Washington to China.

Hassett said Asian economies including that of China have been slowing quite a bit since last spring and that China is "feeling the blow" of USA tariffs.

In early December, US President Donald Trump and Chinese President Xi Jinping called for a truce in their escalating trade war after meeting on the sidelines of the G20 summit in Buenos Aires, but the two countries have yet to reach a final agreement in their dispute.

The ministry said in a statement that vice minister-level officials from the two countries spoke on the phone and decided on the trip that aims to pick up on the consensus reached by the leaders in Argentina last month.

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The U.S. -China trade war came about because of President Trump's controversial stand on the U.S. trade deficit between the two countries.

The battle has disrupted businesses and stoked fears about the impact on the global economy.

Data this week showed a marked loss of momentum in the world's two largest economies at the end of past year.

USA factory activity slowed more than expected in December, according to the Institute for Supply Management (ISM).

The two sides are working to resolve disputes on trade and other economic issues.

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