Moneymoney

Thu Nov 7, 2019, 08:03 AM

China says ... will trump agree to cancel tariffs ?

China says have agreed with US to cancel tariffs in different phases

BEIJING, Nov 7 (Reuters) - China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in different phases, the Chinese commerce ministry said on Thursday.

China and the United States must simultaneously cancel some tariffs on each other's goods for both sides to reach a "phase one" trade deal, said Gao Feng, spokesman at the commerce ministry.

The tariff cancellation is an important condition for there to be any agreement, he said at a regular press briefing.

The proportion of tariffs cancelled must be the same, and how many tariffs should be cancelled can be negotiated, Gao told reporters.

https://www.msn.com/en-us/money/markets/china-says-have-agreed-with-us-to-cancel-tariffs-in-different-phases/ar-AAJZKhu?li=BBnb7Kz&ocid=U508DHP

Looks like both sides are desperate to avoid a recession.

12 replies, 118 views

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Response to uncledad (Original post)

Thu Nov 7, 2019, 08:08 AM

1. Do tell when China cancels its decades of high tariffs/fees/VATs on US made cars/trucks/motorcycles

It's amazing all the fumbducks here, and across America, that believe China's high tariffs on US goods just started under Trump...........

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Response to quad489 (Reply #1)

Thu Nov 7, 2019, 08:14 AM

2. Will trump agree to what China proposed?

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Response to uncledad (Reply #2)

Thu Nov 7, 2019, 08:18 AM

3. Why are you OK with China having had 25% tariffs on US cars/trucks/motorcycles for last 4 decades??

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Response to quad489 (Reply #3)

Thu Nov 7, 2019, 08:20 AM

4. No answer to what trump will do?

Can you post where I said I'm OK with the tariffs China put on US goods?

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Response to uncledad (Reply #4)

Thu Nov 7, 2019, 08:28 AM

6. Was already answering it. If you were not ''OK with the tariffs China put on US goods'' why have you

not stated that here before and only bitched about tariffs when Trump started putting them on Chinese goods???

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Response to quad489 (Reply #6)

Thu Nov 7, 2019, 08:35 AM

7. Not even close...

Go find where I said I was OK with the tariffs China put on US products.

Go find it.

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Response to uncledad (Reply #7)

Thu Nov 7, 2019, 08:52 AM

8. ''Not even close...''...nah, your refusal to answer the simple question is answering it for you.

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Response to quad489 (Reply #8)

Thu Nov 7, 2019, 09:05 AM

9. So you can't find it. Obvious failure on your part.

For the record, I'm opposed to tariffs in general, by any country, but I understand they are useful in specific circumstances.

China is a world power and should not be afforded the protected status in trade agreements it has under WTO rules. China should not be allowed to impose tariffs as it currently does.

You should bookmark this for future reference.

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Response to uncledad (Reply #9)

Thu Nov 7, 2019, 12:14 PM

11. Finally you took a stance................congratulations!!!

"China is a world power and should not be afforded the protected status in trade agreements it has under WTO rules. China should not be allowed to impose tariffs as it currently does."

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Response to quad489 (Reply #11)

Thu Nov 7, 2019, 10:46 PM

12. Your welcome..

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Response to uncledad (Reply #2)

Thu Nov 7, 2019, 08:23 AM

5. ''Will trump agree to what China proposed?''...I hope NOT. He should double whatever tariff China...

...has placed on the US goods. For example, Chinese made cars imported into US get 50% tariff..........

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Response to uncledad (Original post)

Thu Nov 7, 2019, 09:23 AM

10. Stop recession...

That is an impossible task that only morons believe is possible.

Like trying to stop the tides.

Tarrifs wint change this situation.

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