The Latest News About USA Tariff

- Nov 20, 2018-

Reuters, Washington, November 16 - US President Trump said on Friday that he may not impose more tariffs on Chinese goods, after China submitted a list of measures to be taken to the United States to address trade tensions. However, Trump said that some important issues are not reflected in the list, which is unacceptable. The United States has asked China to improve market access and intellectual property protection for US companies, reduce industrial subsidies, and reduce the US trade deficit with China of $375 billion. Relations between the two countries have deteriorated in recent months. US Vice President Burns said on Tuesday that China needs to adjust its practices to avoid a new cold war with the United States. The US tariff rate on US$200 billion in Chinese exports to the United States will increase from 10% to 25% on January 1. Trump threatened to increase taxes on the remaining US$267 billion in Chinese exports to the United States if China failed to meet US requirements. "We may not have to do this," Trump told reporters at the White House. "China is willing to reach an agreement." But Trump added that 142 projects on the Chinese list have fewer "four or five big items." "They list the projects they are willing to deal with. This is a huge list, but I can't accept it," Trump said. He didn't specify the missing items. But Trump said he is confident that the missing items will be dealt with in any agreement with China. “I think we may also deal with these issues,” he said. Trump’s remarks on tariff issues have softened and brought a modest boost to the stock market.