11/8/2019

Trump Says He Hasn’t Agreed to Cut China Tariffs

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President Donald Trump disputes reports that he has agreed to roll back U.S. tariffs on Chinese goods in step with gains in trade negotiations between the two countries.

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President Donald Trump disputes reports that he will roll back U.S. tariffs on Chinese goods in step with gains in trade negotiations between the two countries.

Earlier this week China announced that the two countries agreed to incremental U.S. rollbacks that would be synchronized with deals on various trade specifics.

China has indicated that it won’t agree to Trump administration demands unless the U.S. eases at least some of its protective tariffs. Today Trump emphasized to reporters that he won’t simply drop all tariffs, but he also cast doubt over the step-by-step solution touted by Chinese officials.

 “I haven’t agreed to anything,” Trump declares. His assertion follows comments by members of his administration who say envoys are negotiating a deal to remove some import taxes on Chinese goods, The Wall Street Journal reports.

Negotiators appear close to a “phase one” deal to allow more sales of American farm goods in China. But negotiators have not resolved two broader U.S. demand: that China toughen its intellectual property safeguards and phase out policies that force U.S. companies to turn over technology in exchange for access to the Chinese market.