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 launches a LIVE streaming channel
LIVE product showcase by Amazon Live-streaming videos can drive sales, allow a brand to interact with their customers in real time and reach more shoppers Amazon recently launched a streaming channel Amazon Live, reports Engadget. The new channel...
Amazon invests in a self-driving car startup
Driverless system for Amazon vehicles Amazon could use this technology for self-driving cargo and courier vehicles, reducing its need for human drivers and speeding up delivery times Amazon is clearly interested in autonomy between its delivery drone...
Should you avoid middleman companies?
Deliveries from China for Amazon FBA Speaking of delivery services from China for Amazon FBA, which qualities a middleman company must possess to add value to the shipping process? Many foreign companies, operating in China, in reality turn out to be...