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