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Trump wants 'movement' from China to avoid Dec 15 tariffs

11
Dec '19
Pic: Shutterstock
Pic: Shutterstock
US President Donald Trump does not want to implement the next round of scheduled tariffs against Chinese goods on December15, but wants ‘movement’ from China to avoid them, US agriculture secretary Sonny Perdue recently said. China’s assistant commerce minister Ren Hongbin hoped for a trade deal with the United States as soon as possible before the new tariffs kick in.

Both the countries have been embroiled in a 17-month trade war. "I don't think the president wants to implement these new tariffs, but there has got to be some movement on their part to encourage him not to do that," Perdue said.

"And hopefully the signal they sent over soy and pork reductions might be that signal," global newswires quoted Perdue as telling a National Grain and Feed Association conference in Indianapolis.

“On the question of China-U.S. trade talks and negotiations, we wish that both sides can, on the foundation of equality and mutual respect, push forward negotiations, and in consideration of each others’ core interests, reach an agreement that satisfies all sides as soon as possible,” Ren said. Beijing said last week it would waive import tariffs for some shipments of soybean and pork from the United States but did not specify quantities. China has demanded that some of the existing US tariffs imposed on about $375 billion worth of its exports be removed, in addition to cancellation of the December 15 tariffs on some $156 billion of its remaining exports to the United States. White House economic adviser Larry Kudlow said last week the two sides had talked almost daily, but there were no plans at present for face-to-face talks or a signing ceremony between Trump and Chinese President Xi Jinping.

Fibre2Fashion News Desk (DS)


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