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.


What's Your Reaction?

Love It Love It
0
Love It
Hate It Hate It
0
Hate It
Wow Wow
0
Wow
Sad Sad
0
Sad
confused confused
0
confused
lol lol
0
lol
omg omg
0
omg

0 Comments

Choose A Format
Story
Formatted Text with Embeds and Visuals
Audio
Soundcloud or Mixcloud Embeds
Video
Youtube, Vimeo or Vine Embeds
Poll
Voting to make decisions or determine opinions
List
The Classic Internet Listicles
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Image
Photo or GIF
Meme
Upload your own images to make custom memes