U.S. may roll back tariffs on $112 billion in Chinese imports: report


U.S. officials are considering removing tariffs on $112 billion in Chinese goods as a concession to seal a “phase one” trade deal, the Financial Times reported late Monday. The 15% tariffs on items such as clothing, appliances and flat-screen monitors were put into effect on Sept. 1. The FT said the U.S. would expect something in return, such as tougher intellectual-property protections for U.S. companies. The Wall Street Journal reported similar news Monday night, saying that removing tariffs would likely be a part of any initial trade deal and that both countries have agreed in principle to the deal. The U.S. has already put off tariff hikes from 25% to 30% on $250 billion of Chinese imports that were to have taken effect in October, and has suggested it may put off tariffs on another $160 billion in Chinese goods set to take effect Dec. 15 if an initial trade deal is signed.


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