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·         Trump: no agreement on tariff roll back

·         Trump rules out total rollback of Chinese tariffs



Trump: no agreement on tariff roll back


By John Perkins, Brownfield 

November 8, 2019


President Trump Friday morning said he has not agreed to roll back any of the U.S. tariffs on Chinese imports and that he wants the trade deal to be signed in the U.S. Thursday, China’s Commerce Ministry spokesperson said Washington D.C. and Beijing had agreed to a phased removal of the tariffs after the signing of phase one. New U.S. tariffs on Chinese goods are scheduled to go into effect December 15th.


The White House did not comment on the President’s statement.


Phase one of the deal was originally expected...





Trump rules out total rollback of Chinese tariffs


By Sylvan Lane, The Hill



President Trump on Friday opened the door to lifting some, but not all, of the tariffs he has imposed on Chinese goods in a preliminary trade deal with Beijing.


The president told reporters Friday that he “won’t do” a total repeal of tariffs on roughly $360 billion in Chinese goods, but did not rule out lifting some import taxes.


“They’d like to have a rollback. I haven’t agreed to anything. China would like to get somewhat of a rollback. Not a complete rollback, because they know I won’t do it,” Trump said at the White House.


"China would like to make a deal much more than I would.”


Trump’s comments come after a week of confusion over how much leverage the White House would yield in a “Phase One” trade agreement with China. Trump and Chinese President Xi Jinping are expected to sign the pending preliminary deal at a summit sometime in early December.


Chinese officials said Thursday that both the U.S. and China would rollback tariffs in a preliminary agreement focused on tariff relief and agricultural trade.


“The leaders of the two sides have conducted a serious and constructive discussion on properly addressing the concerns of both sides, and agreed to cancel the tariffs by stages in accordance with the development of the agreement,” said Gao Feng, a spokesman for China’s Ministry of Commerce.


The New York Times also reported Thursday that the White House had agreed to lift some tariffs as part of the Phase One agreement, citing a senior administration official.


But as Wall Street rallied on signs of progress toward a trade deal, the chief trade hawk in Trump’s fractious economic team insisted there was no agreement to lift tariffs.


"There is no agreement at this time to remove any of the existing tariffs as a condition of the phase one deal," said White House trade adviser Peter Navarro said during an interview on "Lou Dobbs Tonight."


"The only person who can make that decision is President Donald J. Trump, and it's as simple as that."


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