China and the U.S. are not having any tariff negotiations, and the U.S. should stop creating confusion, China’s Foreign Ministry Spokesperson Guo Jiakun said on Apr. 25.
President Donald Trump had claimed in an interview with TIME magazine the same day that China’s President Xi Jinping had called him, and both administrations are engaged in active talks to strike a deal.
It would be a “total victory” if the U.S. still has tariffs as high as 50% on foreign imports a year from now, he added.
Meanwhile, China is reportedly mulling suspending the 125% tariffs on key imports from the U.S., Bloomberg reported on Apr. 25.
The publication cited sources familiar with the development to report that China is rethinking the tariff hikes because of the adverse impact of the trade war on critical Chinese industries.
Medical equipment, industrial chemicals, aircraft leasing payments, and select semiconductor products are among the U.S. imports China is considering slashing tariffs on.
President Donald Trump had claimed in an interview with TIME magazine the same day that China’s President Xi Jinping had called him, and both administrations are engaged in active talks to strike a deal.
It would be a “total victory” if the U.S. still has tariffs as high as 50% on foreign imports a year from now, he added.
Meanwhile, China is reportedly mulling suspending the 125% tariffs on key imports from the U.S., Bloomberg reported on Apr. 25.
The publication cited sources familiar with the development to report that China is rethinking the tariff hikes because of the adverse impact of the trade war on critical Chinese industries.
Medical equipment, industrial chemicals, aircraft leasing payments, and select semiconductor products are among the U.S. imports China is considering slashing tariffs on.
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