advertisement
Forums

 

AAPL stock: Click Here

You are currently viewing the 'Friendly' Political Ranting forum
China wants U.S. tariffs rolled back in phase one trade deal: Global Times
Posted by: Steve G.
Date: December 01, 2019 02:06PM
If true, it means Trump's surrender to get an agreement. He's good at that. OR It means Trump tariff wars continue (I think your 401K just fainted)

China wants U.S. tariffs rolled back in phase one trade deal: Global Times
[www.reuters.com]

BEIJING (Reuters) - Beijing’s top priority in any phase one trade deal with the United States is the removal of existing tariffs on Chinese goods, China’s Global Times newspaper said on Sunday, amid continued uncertainty on whether the two sides can strike a deal.

“Sources with direct knowledge of the trade talks told the Global Times on Saturday that the U.S. must remove existing tariffs, not planned tariffs, as part of the deal,” said the report.

Global Times, published by the official People’s Daily newspaper of China’s ruling Communist Party, also cited another unidentified source close to the talks as saying U.S. officials had been resisting such a demand because the tariffs were their only weapon in the trade war and giving up that weapon meant “surrender.”

On Tuesday, U.S. President Donald Trump said Washington was in the “final throes” of a deal aimed at defusing a 16-month trade war with China, a few days after Chinese President Xi Jinping had expressed his desire for a trade agreement. Top trade negotiators for both countries also spoke again and agreed to continue working on the remaining issues.

Trade experts and people close to the White House told Reuters last month, however, that signing a phase one agreement may not take place until the new year as China pressed for more extensive rollbacks of tariffs. An agreement was initially expected to be completed by the end of November.

He'll probably have to throw Hong Kong under the bus, also. No bother for God's Chose
Options:  Reply • Quote
Sorry, only registered users may post in this forum.

Click here to login

Online Users

Guests: 286
Record Number of Users: 52 on November 20, 2014
Record Number of Guests: 2330 on October 25, 2018