Exclusive: An agreement to roll back China tariffs as part of a 'phase one' trade deal faces fierce opposition in the White House
FILE PHOTO: A 100 yuan banknote is placed next to a $100 banknote in this picture illustration taken in Beijing November 7, 2010. REUTERS/Petar Kujundzic
WASHINGTON - An agreement between the United States and China to roll back existing tariffs as part of a ‘phase one’ trade deal faces fierce internal opposition at the White House and from outside advisers, multiple sources familiar with the talks said. The idea of a tariff rollback was not part of the original October “handshake” deal between Chinese Vice Premier Liu He and U.S. President Donald Trump, these sources said.
Chinese officials said earlier Thursday that tariff reductions had been agreed, and a U.S. official confirmed that that was the case. There is a divide within the administration over whether rolling back tariffs will give away U.S. leverage in the negotiations, the sources said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Says Tariff Rollback Agreed In Sign Of Trade War Thaw—But There’s No TimelineAnd the U.S. has yet to confirm.
Read more »
China Says Tariff Rollback Agreed To In Sign Of Trade War Thaw—But There’s No TimelineAfter an 18-month trade war, China and the U.S. have reportedly agreed to roll back tariffs on each other’s goods—but there's no timeline by lisettevoytko
Read more »
Exclusive: U.S.-China trade deal signing could be delayed to December; London a possible venue - sourceA meeting between U.S. President Donald Trump and Chinese President Xi Jinping t...
Read more »
WSJ News Exclusive | China Reboots Plan to Attract Tech IPOsChina is making a fresh attempt to attract technology listings, after previous plans to connect overseas-traded behemoths including Alibaba Group with mainland investors fizzled.
Read more »
Maverix Pictures Reignites China-U.S. Film Industry Relations (EXCLUSIVE)The China-U.S. film relationship is set for a much-needed shot in the arm from the launch of Maverix Pictures. The company is a Hong Kong entity set up to finance and produce major international pi…
Read more »
WSJ News Exclusive | AstraZeneca to Raise $1 Billion to Invest in China StartupsAstraZeneca plans to raise up to $1 billion for a fund that would invest in China’s health-care startups, the latest drug giant to bet on the fast-growing pharmaceuticals market.
Read more »