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USA-China Trade Deal
FILE: Washington D.C., USA - Exact Date Unknown (CCTV - No access Chinese mainland)
1. Various of U.S. Capitol, U.S. national flag
2. White House
3. U.S. national flag
Washington D.C., USA - Recent (CGTN - No access Chinese mainland)
4. CGTN studio
5. SOUNDBITE (English) Arthur Dong, professor, McDonough School of Business, Georgetown University (partially overlaid with shot 6-9):
"I think the farm economy in the United States is probably breathing a sigh of relief. I think given what the stated numbers that has been pledged, that China may relax up to 40 billion dollars and continue to re-engage with the U.S. farm economy. That certainly would be very, very good news for American farmers certainly heading into an election year. Other parts of the American economy would be segments of the consumer economy, given an understanding that the tariffs that were previously imposed will now be reduced to 7.5 percent, and no new tariffs are going to be imposed moving forward. I do believe that phase one is a good way to start this."
FILE: Woodstock, Illinois, USA – 2018 (CGTN - No access Chinese mainland)
6. Various of farmer plowing land with tractor
FILE: USA – Exact Location and Date Unknown (CGTN - No access Chinese mainland)
7. Various of tractor on farmland
8. Harvested beans
FILE: USA - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
9. Various of goods, customers in supermarket
FILE: Los Angeles, California, USA - 2016 (CCTV/CGTN - No access Chinese mainland)
10. Various of port scenes
FILE: Beijing, China - Exact Date Unknown (CCTV - No access Chinese mainland)
11. Various of Tian'anmen Square, Chinese national flag
American farmers and consumers will benefit from the signing of the phase-one trade deal between China and the United States, said Professor Arthur Dong of Georgetown University's McDonough School of Business in an interview with China Global Television Network (CGTN) on Tuesday.
China and the U.S. are expected to sign the phase one economic and trade agreement this week in Washington, marking a significant milestone after rounds of intense bilateral negotiations.
"I think the farm economy in the United States is probably breathing a sigh of relief. I think given what the stated numbers that has been pledged, that China may relax up to 40 billion dollars and continue to re-engage with the U.S. farm economy. That certainly would be very, very good news for American farmers certainly heading into an election year. Other parts of the American economy would be segments of the consumer economy, given an understanding that the tariffs that were previously imposed will now be reduced to 7.5 percent, and no new tariffs are going to be imposed moving forward. I do believe that phase one is a good way to start this," said Dong.
USA-China Trade Deal
Dateline : Recent/File
Location : United States
Duration : 1'23
FILE: Washington D.C., USA - Exact Date Unknown (CCTV - No access Chinese mainland)
1. Various of U.S. Capitol, U.S. national flag
2. White House
3. U.S. national flag
Washington D.C., USA - Recent (CGTN - No access Chinese mainland)
4. CGTN studio
5. SOUNDBITE (English) Arthur Dong, professor, McDonough School of Business, Georgetown University (partially overlaid with shot 6-9):
"I think the farm economy in the United States is probably breathing a sigh of relief. I think given what the stated numbers that has been pledged, that China may relax up to 40 billion dollars and continue to re-engage with the U.S. farm economy. That certainly would be very, very good news for American farmers certainly heading into an election year. Other parts of the American economy would be segments of the consumer economy, given an understanding that the tariffs that were previously imposed will now be reduced to 7.5 percent, and no new tariffs are going to be imposed moving forward. I do believe that phase one is a good way to start this."
FILE: Woodstock, Illinois, USA – 2018 (CGTN - No access Chinese mainland)
6. Various of farmer plowing land with tractor
FILE: USA – Exact Location and Date Unknown (CGTN - No access Chinese mainland)
7. Various of tractor on farmland
8. Harvested beans
FILE: USA - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
9. Various of goods, customers in supermarket
FILE: Los Angeles, California, USA - 2016 (CCTV/CGTN - No access Chinese mainland)
10. Various of port scenes
FILE: Beijing, China - Exact Date Unknown (CCTV - No access Chinese mainland)
11. Various of Tian'anmen Square, Chinese national flag
American farmers and consumers will benefit from the signing of the phase-one trade deal between China and the United States, said Professor Arthur Dong of Georgetown University's McDonough School of Business in an interview with China Global Television Network (CGTN) on Tuesday.
China and the U.S. are expected to sign the phase one economic and trade agreement this week in Washington, marking a significant milestone after rounds of intense bilateral negotiations.
"I think the farm economy in the United States is probably breathing a sigh of relief. I think given what the stated numbers that has been pledged, that China may relax up to 40 billion dollars and continue to re-engage with the U.S. farm economy. That certainly would be very, very good news for American farmers certainly heading into an election year. Other parts of the American economy would be segments of the consumer economy, given an understanding that the tariffs that were previously imposed will now be reduced to 7.5 percent, and no new tariffs are going to be imposed moving forward. I do believe that phase one is a good way to start this," said Dong.
ID : 8132603
Published : 2020-01-14 08:09
Last Modified : 2020-01-14 15:28:00
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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