Trump “Withdraws tariffs with China, has not agreed anything”
US President Donald Trump said on Wednesday that he “did not agree on anything” as to whether he would agree to phase out tariffs with China. Trump’s statement is denied China’s announcement that it has “contracted a phased tariff with the United States.”
According to Reuters and Bloomberg, President Trump told reporters at the White House that “they want China to withdraw tariffs.”
Trump stressed that “China would want some degree of withdrawal, not a complete withdrawal of tariffs,” he said. “I know I will not do it.”
“We want more agreements than we do,” Trump said. “We are taking billions of dollars in tariffs.” We are very happy. ”
“We are doing very well,” he asked about meeting with President Xi Jinping of China to sign President Trump’s first-phase agreement. “We will see what happens,” he said. “We can agree.”
“That could be Iowa, an agricultural region, or something like that,” he said, “but it could be in our country, but it could be another place.” ”He explained.
“I don’t think so,” he said about the possibility of meeting at a resort in Florida.
President Trump reiterated the previously mentioned Iowa, as Reuters reported the possibility of a recent US-China summit meeting not in the US but in Europe.
Earlier, China’s Commerce Department spokesman Gaofeng told a local briefing on Wednesday that “the two sides agreed to phase out high tariffs as the negotiations progress.” “If the two countries reach the first stage of the agreement, they must cancel the high rate tariffs at the same rate, based on the agreement,” said Gao.
White House Trade and Manufacturing Policy Director Peter Navarro, one of the leading mass hawks, appeared on the Fox Business Network last night and said, “There is no agreement at this point to withdraw existing tariffs as a first-stage agreement.” The only person is President Donald Trump. That’s all, ”he virtually denied the Chinese announcement.
President Trump virtually denied China’s announcement of a “phased tariff withdrawal agreement,” and the US-China war will finally be intensifying.
Even if it is not a full agreement on the phased tariff withdrawal, there is a possibility that the US will finally finalize the “stage 1 agreement” through partial tariff withdrawal or easing card for China.
“We are willing to tackle the December tariffs,” said Navarro, who appeared on the US public radio NPR. It is up to President (Donald Trump) to postpone the tariff. ”
The U.S. originally planned to raise the tariff rate for existing US $ 250 billion Chinese products from 25% to 30% from the 15th of last month. The hike is on hold.
But China is likely to demand that the US withdraw its planned additional tariffs as well as withdraw those already imposed.
The United States has imposed a high tariff of up to 25% on Chinese products worth $ 360 billion since July 6, 2018, during the trade war with China.
In response, China imposes a 2-25% tariff on goods worth $ 110 billion, or nearly $ 126 billion, of US imports.