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US considers dropping some tariffs on China
US considers dropping some tariffs on China https://t.co/6x68iWKSpo
— Financial Times (@FT) November 4, 2019
Added at 6:44pm
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Stocks, Yuan Surge On Reports Trump Considering Lifting Some China Tariffs
Surprise! Another hour, another anonymously-sourced, strawman of an idea suggesting the end of the US-China trade war is nearer. This time it is The FT that reports, according to five people briefed on the discussions, the White House is considering whether to roll back levies on $112bn of Chinese imports - including clothing, appliances, and flatscreen monitors - that were introduced at a 15 per cent rate on September 1. Such a move by the US would meet a core demand from Beijing as negotiators from the world’s two largest economies work out the terms of a ceasefire to be signed in the coming weeks by President ... (full story)
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