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UPDATE 1-China pushing Trump to remove more tariffs ahead of trade deal - media


UPDATE 1-China pushing Trump to remove more tariffs ahead of trade deal - media
Image Credit: Flickr

China is pushing U.S. President Donald Trump to remove more tariffs imposed in September ahead of the signing of the U.S.-China trade deal, Politico reported on Monday, citing three people familiar with internal discussions.

Beijing is pressing the U.S. to remove a 15% tariff that was imposed on roughly $112 billion worth of Chinese goods on Sept. 1, but no decision has been made, Politico reported citing sources. The Financial Times newspaper later on Monday also said the White House is considering whether to roll back levies on $112 billion of Chinese imports including clothing, appliances, and flatscreen monitors, which were introduced at a 15% rate on Sept. 1.

Trump had said on Friday evening that negotiations about a "phase one" agreement were going well and he hoped to sign the deal with Chinese President Xi Jinping at a U.S. location when work on the agreement was completed. U.S. and Chinese negotiators have been racing to finalise the text of a "phase one" agreement for Trump and Xi to sign this month, a process clouded by wrangling over U.S. demands for a timetable of Chinese purchases of U.S. farm products.

Also Read: ISIS chief Abu Bakr al-Baghdadi is dead in US raid in Syria: President Donald Trump

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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