6 hours agoDoes the U.S. press tax charges against China?
Periskopi(7 years ago)
(7 years ago)The United States and China are taking steps to postpone the next round of taxes, which are meant to take effect on December 15th, and are seeking an agreement to curb a fierce trade struggle, the Wall Street Journal (WSJ) reported today. Negotiators of the world's two largest economies are [...]
Negotiators of the world's two largest economies are standing in the base <x0);8x1> for the Trump administration to push taxing 15 percent towards imports of Chinese goods worth about $160 billion, reports CNBC.
The US and China have been trying to stave off a possible trade deal “phaza 1”, warned for the first time in October, which would cover Chinese purchases of American agricultural products, but both sides failed to sign the partial agreement.
The news of possible tariff delays, which threaten to further harm American businesses and consumers, reports CNBC, has driven a stake today on Wall Street.
W SJ does not specify how long the United States can extend tariffs targeting Chinese consumer goods, including toys, phones, laptops and clothing.
The American Trade Representative's office did not respond to CNBC's request for comment, while a White House spokesman rejected the comment.
Earlier this month, US President Donald Trump indicated that in terms of it, the outcome of a trade agreement with China could wait until after the 2020 presidential elections. He added that there was no <x0fat” time to reach an agreement.
