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Sun Dec 2, 2018, 02:40 AM

BLINK: 90-day halt to new tariffs...US will hold off on raising China tariffs to 25% as Trump and Xi

US will hold off on raising China tariffs to 25% as Trump and Xi agree to a 90-day trade truce

•Xi Jinping and Donald Trump discussed a range of issues — among them the trade dispute that has left over $200 billion worth of goods hanging in the balance.

•"President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time," the White House said.

Kevin Breuninger | Javier E. David
Published 6 Hours Ago Updated 3 Hours Ago

Chinese President Xi Jinping and U.S. President Donald Trump put their bilateral trade war on pause momentarily, striking an agreement to hold off on slapping additional tariffs on each other's goods after January 1, as talks continue between both countries.

In a White House readout of a dinner at the G-20 summit in Argentina, Xi and Trump discussed a range of nettlesome issues — among them the trade dispute that has left over $200 billion worth of goods hanging in the balance.

"President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time," the statement read. Over the next 90 days, American and Chinese officials will continue to negotiate lingering disagreements on technology transfer, intellectual property and agriculture.

"Both parties agree that they will endeavor to have this transaction completed within the next 90 days. If at the end of this period of time, the parties are unable to reach an agreement, the 10 percent tariffs will be raised to 25 percent," the statement added.

MORE...

https://www.cnbc.com/2018/12/01/us-china-wont-impose-additional-tariffs-after-january-1-report.html

11 replies, 176 views

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Reply BLINK: 90-day halt to new tariffs...US will hold off on raising China tariffs to 25% as Trump and Xi (Original post)
RCW2014 Dec 2 OP
Tolk Dec 2 #1
TM999 Dec 2 #4
Tolk Dec 2 #5
TM999 Dec 2 #7
M411 Dec 2 #2
Let it go Dec 2 #3
Frankenvoter Dec 2 #6
Troll2 Dec 2 #8
uncledad Dec 2 #9
uncledad Dec 2 #10
Badsamm Dec 2 #11

Response to RCW2014 (Original post)

Sun Dec 2, 2018, 03:13 AM

1. Who blinked?

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Response to Tolk (Reply #1)

Sun Dec 2, 2018, 04:27 AM

4. China of course.

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Response to TM999 (Reply #4)

Sun Dec 2, 2018, 04:50 AM

5. I Don't think anyone did

We have two strong leaders going toe to toe.
I guarantee they are both working on this together.
Something decent is in the works.

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Response to Tolk (Reply #5)

Sun Dec 2, 2018, 06:50 AM

7. China offered the first and biggest concession on the fentanyl

which suggests that they blinked first.

I agree that they are both strong leaders and I would prefer to see fairer trade and not a protracted trade war.

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Response to RCW2014 (Original post)

Sun Dec 2, 2018, 03:24 AM

2. fentanil..China made an important concession

China will make fentanyl
a controlled substance

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Response to M411 (Reply #2)

Sun Dec 2, 2018, 04:01 AM

3. Thats my POTUS.

The new designation for the synthetic opioid drug means people in China who sell fentanyl to the US "will be subject to China's maximum penalty under the law," according to a statement from the White House.

https://www.google.com/amp/s/amp.cnn.com/cnn/2018/12/01/politics/fentanyl-us-china-g20-talks/index.html

I love that man.

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Response to Let it go (Reply #3)

Sun Dec 2, 2018, 05:40 AM

6. I'm pretty sure that's one bullet to the back of the head after one cigarette

They dont F around over there.

That being said tho I am still more on the side of treatment than jail, until we get rid of the demand the supply will always be there one way or the other.

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Response to M411 (Reply #2)

Sun Dec 2, 2018, 08:59 AM

8. There are numerous synthetic opiates

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Response to M411 (Reply #2)

Sun Dec 2, 2018, 10:25 AM

9. Good.

Anything that curtails that poison is a positive outcome.

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Response to RCW2014 (Original post)

Sun Dec 2, 2018, 10:35 AM

10. New Congress sworn in and hearings started.

April 1st. is the date of the deadline? lol.......if it is.

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Response to RCW2014 (Original post)

Sun Dec 2, 2018, 03:48 PM

11. This seems like Trump folded.

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