By Gina Heeb
China said on Thursday (click here) that it expected the US to roll back tariffs on its products as part of any final trade agreement, casting another layer of uncertainty on progress announced by President Donald Trump last week.
"China's position, principle, and goal for the China-US trade negotiations has never changed," Gao Feng, a Commerce Ministry representative, said at a weekly press conference, according to a translation. "Both sides' ultimate goal for the negotiations is to end the trade war, cancel all additional tariffs."
The White House did not immediately respond to an email requesting comment....
Trump wants free ride and wants to eliminate taxes. He wants the people that import products to a large population of consumers to pay for the operations of the government.
Three days before this was in the news. Additionally, on the same day China stated it was not ready to sign an agreement.
October 14, 2019
By Gina Heeb
Faced with a formal impeachment inquiry (click here) ahead of his reelection bid, President Donald Trump was swift to assert that the US had made "very substantial" progress on trade with China last week. But American businesses and investors saw little refuge ahead from a 19-month tariff dispute between the largest economies.
The White House announced on Friday that China would increase agricultural purchases, pursue unspecified changes to its currency and intellectual-property rules, and open up access to financial-services markets. In return, the US postponed tariff increases that had been scheduled for this week.
Yet those agreements have not been put on paper by either side. Early Monday, Treasury Secretary Steve Mnuchin confirmed that the preliminary pact was "subject to documentation" and that the US could still follow through with plans to slap additional import taxes on virtually all imports from China in December....
Three days before this was in the news. Additionally, on the same day China stated it was not ready to sign an agreement.
October 14, 2019
By Gina Heeb
Faced with a formal impeachment inquiry (click here) ahead of his reelection bid, President Donald Trump was swift to assert that the US had made "very substantial" progress on trade with China last week. But American businesses and investors saw little refuge ahead from a 19-month tariff dispute between the largest economies.
The White House announced on Friday that China would increase agricultural purchases, pursue unspecified changes to its currency and intellectual-property rules, and open up access to financial-services markets. In return, the US postponed tariff increases that had been scheduled for this week.
Yet those agreements have not been put on paper by either side. Early Monday, Treasury Secretary Steve Mnuchin confirmed that the preliminary pact was "subject to documentation" and that the US could still follow through with plans to slap additional import taxes on virtually all imports from China in December....
