Jeff 10:39 am on Tuesday, January 14, 2020

News flash

CHINA TARIFFS TO STAY UNTIL AFTER U.S. ELECTION DESPITE DEAL

geewhiz112 10:55 am on Tuesday, January 14, 2020

Did Bloomberg plant this on Bloomberg?

Bloomberg reports that existing tariffs on billions of dollars of Chinese goods coming into the U.S. are likely to stay in place until after the American presidential election, and any move to reduce them will hinge on Beijing’s compliance with the terms of a phase-one trade accord, people familiar with the matter said.
The two sides have an understanding that no sooner than 10 months after the signing of the agreement at the White House Wednesday, the U.S. will review progress and potentially trim tariffs now in place on $360 billion of imports from China, the people said, declining to be identified because the matter is private.
- Jeff 10:57 am on Tuesday, January 14, 2020
  
  This “Phase One” deal has never promised to be anything too substantial, so I won’t be surprised if this is accurate. But not much can surprise me these days.

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