+86 15546883080 (China mainland) +852 6554 1700 (Hong Kong)  [email protected]

US-China Trade Deal

Beijing’s top priority in the trade deal with the United States is the removal of existing tariffs on Chinese goods

“Sources with direct knowledge of the trade talks told the Global Times on Saturday that the U.S. must remove existing tariffs, not planned tariffs, as part of the deal”, reports CNBC.

Global Times, published by the official People’s Daily newspaper of China’s ruling Communist Party, also cited another unidentified source close to the talks as saying U.S. officials had been resisting such a demand because the tariffs were their only weapon in the trade war and giving up that weapon meant “surrender.”

Officials with the U.S. Trade Representative’s office and the U.S. Treasury Department did not reply to a request for comment.

The United States is poised to impose an additional 15% tariff on about $156 billion of Chinese products on Dec. 15. It is widely expected that those tariffs will be averted if a deal is struck, but China is pressing for rollbacks of previous tariffs.

More Amazon news

Amazon speeds up same-day delivery

Amazon speeds up same-day delivery

Amazon expands same-day delivery with the new network of mini warehouses Amazon unveiled its latest initiative to speed up delivery times on millions of items for its Prime members. Amazon has quietly built smaller versions of its fulfillment centers...

read more
The Court examines Amazon’s third-party liability

The Court examines Amazon’s third-party liability

Who's responsible for what you buy on Amazon? The court is to decide Federal judges will determine if Amazon holds responsibility for damages caused by goods sold on Amazon Marketplace. According to CNN, the U.S. Third Court of Appeals in Philadelphia is...

read more
China Coronavirus Update

China Coronavirus Update

Chinese companies start to get back to work Monday is the first official day back to work in China after the authorities extended the holidays in attempt to limit the spread of the coronavirus. In some provinces factories gradually start to resume...

read more