Donald Trump has used the tariffs/import taxes as his main hammer to try too work a deal on trade with China…
It appears that the Chinese will have Trump back down from using that to make any progress…
The ending of the Trade War with China WILL help America’s and other countries economies….
Another question will be?
Will his Trade War end with European countries also?
“China’s position has been consistent and clear: The trade war was started by raising tariffs, and so it should be ended by canceling them,” [ ministry spokesman] Gao told reporters in Beijing.
Gao’s comments lifted stocks and market futures in Asia and the United States amid a general sense of optimism that tensions are ratcheting down.
Commerce Secretary Wilbur Ross in recent days talked up the chances of phase-one deal that he said would send a stabilizing message to the world, but he did not explicitly address tariff reductions.
Negotiators are said to be considering a location where President Trump and his Chinese counterpart, Xi Jinping, could sign a deal.
The two leaders agreed last month to halt further tariff increases and resume talks. Trump had previously ordered new tariffs to take effect on Dec. 15 that would cover about $156 billion worth of Chinese-made electronics and toys. A 15 percent tariff increase, covering about $125 billion worth of imports, came into force in September….
Note….
A centrepiece of Donald Trump’s political promises will be gone with this….
His deal making?