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China wants US tariffs rolled back in phase I deal
04 Dec '19
1 min read
Pic: Shutterstock
As uncertainty continues on whether China and the United States can strike a trade deal, China is insisting US tariffs must be rolled back as part of any phase I trade deal, a top Chinese newspaper reported recently citing anonymous sources. "A US pledge to scrap tariffs scheduled for December 15 cannot replace the rollbacks of tariffs," the newspaper said in a tweet.
The tweet by the newspaper controlled by the Communist Party of China referred to an additional round of tariffs on Chinese imports to be implemented in the absence of a trade deal, a global newswire reported.
US Senate Finance Committee chairman Chuck Grassley recently said Beijing invited US trade representative Robert Lighthizer and treasury secretary Steven Mnuchin for in-person talks in Beijing. Both were willing to go if they saw ‘a real chance of getting a final agreement’, he said.
The tweet by the newspaper controlled by the Communist Party of China referred to an additional round of tariffs on Chinese imports to be implemented in the absence of a trade deal, a global newswire reported.
US Senate Finance Committee chairman Chuck Grassley recently said Beijing invited US trade representative Robert Lighthizer and treasury secretary Steven Mnuchin for in-person talks in Beijing. Both were willing to go if they saw ‘a real chance of getting a final agreement’, he said.
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