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 offers a 75% discount on storage fees for best-selling items
Amazon asks sellers to send it more stuff Amazon is offering its third-party sellers discounts on storage fees as part of its plan to fulfill speedy shipping promises. According to Business Insider, Amazon now offers a 75% discount on storage fees at its...
Amazon is using astrology to sell its products
Amazon is using horoscopes for targeted marketing Amazon has been shipping monthly horoscopes to its Prime members in its Insider newsletter. Amazon states on its horoscopes page that readers can consult the readings to identify “which Prime benefits are...
Lost or damaged inventory at Amazon FBA warehouse
How to get reimbursement for items lost in transit to Amazon FBA When you ship items to Amazon.com, you expect them to be delivered and received into your inventory with no problems, but this isn’t always the case. Items (and sometimes boxes or shipments)...
