China says it has agreed with U.S. to cancel tariffs in phases

China says it has agreed with U.S. to cancel tariffs in phases

China and the US have agreed to cancel in phases the tariffs imposed during their months-long trade war. Tariff cancellation was an important condition for any agreement, Chinese commerce ministry said on Thursday, adding that both countries must simultaneously cancel some tariffs on each other’s goods to reach a ’phase one’ trade deal. No timeline was given for the same.

KCooper
KCooper
Jim Boi
Jim Boi 3 months

Sound like a trade deal coming soon. MAGA!

porcus
porcus 3 months

Rolling back the tariffs without an agreement that has teeth to it is pointless.

FirstCensorshipThenJail
FirstCensorshipThenJail 3 months

There will never be a trade deal as long as the Chinese Communist Party is in power. No enforcement mechanism in place means that the Chinese Communist Party, as they always do, will simply ignore the rules and do whatever they want. Wake up https://youtu.be/rzgeCe4Y2oQ The Democrats and Wall Street are not working for you, they are working for the Chinese Communist Party.

Seekster
Seekster 3 months

I look forward to seeing details of the new trade deal.

I have no idea
I have no idea 3 months

I really hope this works. It feels like a Mexican standoff where one guy is waiting for the other guy to drop his gaurd before they shoot each other.

Marcus Rogers
Marcus Rogers 3 months

Trump wins again.

T3hGladiator
T3hGladiator 3 months

Pretty sure the point of the tariffs in the first place were to make China stop "unfairly" taxing US exports, so if 90% gets removed on both sides he's successfully completed what he set out to do. For the record I thought his trade war was dumb and the focus on the trade deficit is silly, since we trade in US dollars, which can only ultimately be reinvested into our economy. But hey, less tariffs equals more free trade which is a win.

.Tet.
.Tet. 3 months

Not sure if people noticed this or not. But both sides agreed that both sides with lift tariffs. Both sides. Both. Sides. This is an overall good. Not backing down from either side garnered respect and in the end they BOTH agreed to back off a bit on tariffs.

Edward Williams
Edward Williams 3 months

Please don't cancel tariffs. China needs to suffer some more.

Indo
Indo 3 months

Silly Billies are coming out of it are they ? Well how nice. Aww, we are all adrool.

michael zubas
michael zubas 3 months

I just hope it isn't just another Delay Tactic. .if this does work out? then The NK issue has A solution.

FirstCensorshipThenJail
FirstCensorshipThenJail 3 months

Wake up https://youtu.be/rzgeCe4Y2oQ The Democrats and Wall Street are not working for you, they are working for the Chinese Communist Party.

Miles O'Brien
Miles O'Brien 3 months

This is clearly proof that the Trump "strategy" was a FAIL from the beginning. If a deal ever is made before Trump exits, it will see a rescinding of 90% of the tariffs on both sides. A few will be left in place to save face, but the US economy will be years in recovery.

Miles O'Brien
Miles O'Brien 3 months

Time is needed for Trump's "victory" spin. Another stupendously costly FAIL.

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