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Updated today: 26/04/2020
Donald Trump has signed the first phase of a new trade agreement with China after two years of tension between the two superpowers that have rattled economies around the world.
Trump said: “Today, we are taking a momentous step towards a future of fair and reciprocal trade. Together we are righting the wrong of the past.”
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| Trump with Liu He, China’s top trade negotiator. He said: ‘At long last Americans have a government that puts them first at the negotiating table.’ Photograph: Kevin Lamarque/Reuters |
At long last Americans have a government that puts them first at the negotiating table,” he said. “This is the biggest deal anybody has ever seen.” says Theguardian
The two leaders met for about two hours in Buenos Aires after the G20 summit, the first such meeting since the outbreak of the trade war.
China has announced that Presidents Xi Jinping and Donald Trump have decided not to impose new commercial tariffs after January 1, 2019.
At the G20 summit in Argentina, G20 leaders adopted joint statements that mention trade divisions but do not criticize protectionism.
The Cold War between the United States of America and the People's Republic of China began in 1950 on the occasion of the Korean War. Mao Zedong and Kim ir Sen, the leader of North Korea, intended to annex South Korea to scatter communism. The Americans intervened in favor of the South Koreans and stopped the communist expansion, failing to release the whole of Korea due to the Chinese intervention. It was good if Harry S. Truman listened to the gen. MacArthur on his plan.
The war ended with armistice and the restoration of the border to the 13th parallel.
2. The war in Vietnam
It was a proxy war between China and the USSR that supported the North Vietnamese and US Communists who backed opponents in southern Vietnam. The war was bloody and despite tactical victories involving air bombs with napalm, it ended with a defeat for the Americans retreating their troops and having 58,000 losses.
The Sino-American Cold War officially ended in the 1973 Paris Peace Accords and Nixon's visit to China where he met Mao_Zedong
After Mao's death, China liberated itself under Deng Xiaoping, and relations between the US and China improved.
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| CNN |
3. But after the failed pro-democracy revolution in Tiananmen Square in 1989 and Deng's death, relations have cooled. China has become a serious competitor for the strongest economic powers since then, Japan and the US. China has become the world's largest producer and constantly threatening America's supremacy and rivaling Asian tigers like Japan, Taiwan and South Korea using North Korea as a scarecrow. China now claims to become once again the empire and quarrels with Japan and Malaysia for some islands in the South China Sea, and Senkaku is a potential outbreak of future maritime and air warfare.
In 2018, although he ended peace with North Korea on nuclear weapons, Donald Trump told China's Commercial War to raise steel and aluminum tariffs because China has stolen his jobs, and many US manufacturers have fled US tax on tax havens Chinese leave many Americans unemployed in the Rust Belt willing to vote with Trump.
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