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China insists US must remove all trade war tariffs as part of deal, says commerce ministry spokesman

From scmp.com

China has insisted that all tariffs on Chinese imports added by the United States during the trade war must be scrapped immediately as part of any deal to end the year-long conflict, which would require the Trump administration to give up its position that some levies remain in place even after an agreement is reached. US President Donald Trump agreed to pause placing tariffs of up to 25 per cent on an additional US$300 billion of Chinese imports not yet subject to taxes after his meeting with Xi Jinping at the G20 summit last weekend in Japan. But for any deal to be reached, US tariffs of 25 per cent on US$250 ... (full story)

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  • Category: Fundamental Analysis