The head of the IMF spoke about the expectations from the US-China trade deal

Achieving a trade deal between the US and China could be an incentive for economic growth, but more needs to be done, said Kristalina Georgieva, head of the International Monetary Fund (IMF) during a press conference.

“This is very important. These are two very strong and important economies. And this could push the economy (to growth – ed.). But we should not be limited to small. To get more growth, we need more serious steps”, – she said.

This week, US Treasury Secretary Stephen Mnuchin said trade negotiators are working to agree on the text of the first phase of a trade agreement that their presidents will sign next month. The next round of trade negotiations between the parties took place last week. Based on its results, Washington decided to postpone the increase in import duties on Chinese goods, which was supposed to happen on October 15.

The media also reported that China wants to hold further discussions with the US at the end of the month on the details of the first part of the trade deal, as well as persuade Washington to revise its tax increase planned for December. Later, US Treasury Secretary Stephen Mnuchin said that he did not rule out the introduction of new duties against China on December 15, but hoped that a deal would be concluded.

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