U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer arrive for a group photo session after a meeting with Chinese Vice Premier Liu He in Beijing on May 1, 2019.
Andy Wong | AFP | Getty Images
The U.S. and China are taking steps to delay the next round of American tariffs set for Sunday as they seek a deal to rein in a raging trade war, The Wall Street Journal reported Tuesday.
Negotiators from the world's two largest economies "are laying the groundwork" for the Trump administration to hold off on 15% tariffs on about $160 billion in Chinese goods, according to the newspaper. The U.S. and China have tried to salvage a potential "phase one" trade agreement, a deal that would involve Chinese purchases of U.S. agriculture first announced in October. The sides have failed to sign a partial deal.
News about a potential delay of the duties — which threatened to further hurt U.S. businesses and consumers — helped to send stock futures higher Tuesday morning. It is unclear how long the U.S. could hold back on imposing this round of tariffs, which are aimed at Chinese-made consumer goods including toys, phones, laptops and clothes.
The Office of the U.S. Trade Representative did not immediately respond to a request to comment, while a White House spokesman declined to comment.
Earlier this month, President Donald Trump suggested he could wait until after the 2020 election to strike a trade agreement with China. He added that he has "no deadline" to reach an agreement.
Economy - Latest - Google News
December 10, 2019 at 08:52PM
https://ift.tt/2YCd3f1
Trump administration reportedly plans to delay China tariffs set to take effect Sunday - CNBC
Economy - Latest - Google News
https://ift.tt/2QoMOqv
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
Bagikan Berita Ini
0 Response to "Trump administration reportedly plans to delay China tariffs set to take effect Sunday - CNBC"
Post a Comment