Dubai – Masaader News
China is seeking from US President Donald Trump to remove more tariffs imposed in September as part of a “phase one” US-China trade deal, according to Reuters.
The deal, which may be signed this month by Trump and Chinese President Xi Jinping at a yet-to-be determined location, is widely expected to include a U.S. pledge to scrap tariffs scheduled for Dec. 15 on about $156 billion worth of Chinese imports, including cell phones, laptop computers and toys.
A US official said the fate of the Dec. 15 tariffs is being considered as part of negotiations and a potential signing trip this month.
Another source briefed on the talks said Chinese negotiators want Washington to drop 15% tariffs on about $125 billion worth of Chinese goods that went into effect on Sept. 1. They are also seeking relief from earlier 25% tariffs on about $250 billion of imports from machinery and semiconductors to furniture.
A person familiar with China’s negotiating position said it is continuing to press Washington to “remove all tariffs as soon as possible.”