Trump Says China Tariffs Will Go 'even Higher' Without Deal

Marco Green
November 20, 2019

According to Chinese economists these restrictions are expected to continue by the US despite a phase one trade deal, or even a complete trade deal.

The China delegation has demanded that tariffs imposed after May be removed immediately while tariffs imposed before then should be lifted in stages, according to one person.

However, Trump said a week ago he has not agreed to scrap tariffs on Chinese goods, conflicting the signal from China and dampening hopes about a coming resolution to a jarring trade conflict. I'm very happy right now.

Mood in Beijing about #trade deal is pessimistic, government source tells me. "If they don't that's it. OK?"

"They'd like to have a rollback".

Trump announced last month that a phase 1 deal with China, dealing mainly with agricultural products, was close and that it would be signed in mid-November, but the time frame passed and no site for a signing has been announced.

The Chinese Ministry of Commerce said Sunday the two sides had "constructive discussions" about "each other's core concerns" and agreed to remain in close contact. "China would like to get somewhat of a rollback, not a complete rollback because they know I won't do it". The two biggest economies in the world have been tussling over trade tariffs for around 18 months.

A new set of US tariffs are scheduled to go into effect December 15 that could affect cellphones, laptops and toys right before Christmas. The Trump administration has slapped tariffs on more than $500 billion in Chinese goods, while Beijing has put duties on about $110 billion in American products.

The two sides have held working-level video conferences focused on issues ranging from the details and timeline of Chinese purchases of U.S. agricultural goods to commitments to curtail theft of intellectual property that Trump is demanding from China, according to people familiar with the discussions.

Other reports by Click Lancashire

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