China Says U.S. Will/Must Cut Tariffs

Written by Swiss America

america china commerce communication business concept 1444957 pxhereChina Says U.S. Will, and Must, Cut Tariffs to Reach a Trade Deal -New York Times
"The Chinese government on Thursday said Beijing and the Trump administration had agreed to get rid of some tariffs as the two sides work toward ending their 19-month-long trade war. But Beijing also hardened its stance by publicly voicing its insistence that a deal could not take place without each side canceling at least some tariffs....The Trump administration has been considering rolling back a portion of the tariffs but only if China agrees to certain concessions.

American officials have so far declined to specify what, if any, portion of the tariffs on $360 billion worth of Chinese goods they might roll back or whether President Trump will abandon plans to impose another tranche, scheduled for December....American officials have emphasized that any moves depend on China taking more aggressive action to protect American intellectual property, and that Mr. Trump will make the final determination....Communist Party officials based outside of Beijing have a history of skepticism toward compromises with the United States on trade....The full elimination of new tariffs is still needed for the complete resolution of the trade dispute, a spokesman for China's Commerce Ministry, Gao Feng said at his weekly news conference in Beijing."

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