U.S. considers rolling back tariffs on Chinese goods - FT

Nov. 04, 2019 7:19 PM ETSPDR S&P 500 Trust ETF (SPY), VOO, IVV, SH, SDS, SSO, SPXL, UPRO, YINN, TDF, YANG, GXC, PGJ, FXP, CN, CHNSPY, IVV, PGJ, CHN, SH, SSO, SDS, GXC, TDF, FXP, SPXL, UPRO, YINN, YANG, VOO, CNBy: Carl Surran, SA News Editor343 Comments
  • Trump administration officials are considering whether to drop existing tariffs on $112B of Chinese imports that were introduced at a 15% rate on Sept. 1, as a concession to seal a partial deal that would pause the U.S.-China trade war, Financial Times reports.
  • Such a move by the U.S. would meet a core Chinese demand, as negotiators strive to work out the terms of a ceasefire to be signed in the coming weeks by Pres. Trump and Pres. Xi.
  • U.S. officials also have suggested that China could avoid the planned imposition of tariffs on $156B of mostly consumer goods due to hit at the height of the holiday season on Dec. 15, if it strikes a deal, according to the report.
  • The FT report cautions that despite a growing consensus within the Trump administration for concession on existing levies, it is not clear whether Trump will sign off, so the rollback may not materialize.
  • ETFs: SPY, VOO, IVV, SH, SDS, SSO, SPXL, UPRO, YINN, TDF, YANG, GXC, PGJ, FXP, CN, CHN

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