U.S., China Sign Phase One of Deal
By Metal Center News Staff
on Jan 21, 2020
President Donald Trump and representatives from China signed phase one of a trade agreement between the two countries. The move is the first step toward ending the more than year-long trade dispute.
National Association of Manufacturers President and CEO Jay Timmons commended President Trump and United States Trade Representative Robert Lighthizer for successfully negotiating the unprecedented phase one trade agreement with China, noting “no other administration has achieved this level of success with – and accountability of – America’s primary economic adversary in the past three decades,” said Timmons, who was at the White House for the signing of the agreement.
Though also excited about the signing, the Aluminum Association hopes it is just the start of the U.S. making progress on long-desired issues dealing with Chinese trade.
“As the parties move to the next phase of negotiations, we strongly urge negotiators to focus on addressing the unfairly subsidized overcapacity that is hurting U.S. aluminum producers – and impacting the global aluminum market,” said Lauren Wilk, the Aluminum Association’s vice president for policy.