China wants U.S. tariffs rolled back in phase one trade deal

Beijing's top priority in any phase one trade deal with the United States is the removal of existing tariffs on Chinese goods, China's Global Times newspaper reported on Sunday, amid uncertainty on whether the two sides can end a 17-month trade war that has depressed global growth. Yet it is still uncertain whether the countries will settle for a deal at all.

"A U.S. pledge to scrap tariffs scheduled for December 15 can not replace the rollbacks of tariffs", the newspaper said in a tweet, referring to an additional round of tariffs on Chinese imports to be implemented in the absence of a trade deal.

The Global Times is published by the People's Daily, the official newspaper of the Chinese Communist Party.

On Tuesday, U.S. President Donald Trump said Washington was in the "final throes" of a deal aimed at defusing a 16-month trade war with China, a few days after Chinese President Xi Jinping had expressed his desire for a trade agreement. "We want to work for a Phase 1 agreement on the basis of mutual respect and equality".

Officials with the U.S. Trade Representative's office and the U.S. Treasury Department did not reply to a request for comment.

Mr Grassley said Mr Lighthizer and Mr Mnuchin were willing to go if they saw "a real chance of getting a final agreement". U.S. officials have been resisting such a demand, arguing that tariffs are their only "weapon" in the trade war and giving up the weapon means surrender, according to a different source close to the trade talks.

Meanwhile, China's official manufacturing purchasing managers' index jumped unexpectedly last month, signaling a recovery in activity amid government support and a stabilizing global economy. That is the first reading above 50 since April, indicating an expansion in output.

Notícias recomendadas

  • Centurion Yasir Shah reveals the longer he batted, the easier it became

    Centurion Yasir Shah reveals the longer he batted, the easier it became

    Josh Hazlewood has claimed two scalps after drawing the edges of Imam-ul-Haq for a duck and the unsafe Babar Azam for nine. In another day which was dominated by the hosts, Australia reduced Pakistan to 39/3 after enforcing the follow-on.
    MacKinnon's four points help Avalanche defeat Blackhawks

    MacKinnon's four points help Avalanche defeat Blackhawks

    It's exciting to have one of the best players in the world on our team. "He's so young still, he's going to get so much better". Saad scored a short-handed goal at 1:37 to give the Blackhawks a 1-0 lead, but the Avalanche responded later in the period.
    Relic thought to be from Jesus manger arrives in Bethlehem

    Relic thought to be from Jesus manger arrives in Bethlehem

    The pope later wrote a letter explaining that he wanted to bring the two churches closer together through the gift. The relic, a tiny piece of wood believed by Christians to have formed part of Jesus' manger, was donated by St.
  • Koivu scores shootout victor , Wild beat Stars

    Koivu scores shootout victor , Wild beat Stars

    Koivu, playing his 15th season with the Wild, beat Ben Bishop with his trademark move, a backhand over the goalie's left shoulder. Louis, the Stars are now 15-10-2 on the season which is good enough for Dallas to be in a 3rd place tie in the Central Division .

    Here's the cheapest Google Pixel 4 deal for Cyber Monday

    We recommend checkingAmazon's Cyber Monday deals page andWalmart's Cyber Monday home page for their full range of live deals. Below you will find all the latest and upcoming APPLE deals, get yours before it's too late.
    Presidents Cup: Jason Day withdraws, Byeong Hun An joins International Team

    Presidents Cup: Jason Day withdraws, Byeong Hun An joins International Team

    The event, which features the United States, led by Tiger Woods , against the Els worldwide team, will be held at the Royal Melbourne Golf Club from December 9 to 15.
  • No more debate: Ravens are NFL's best team after beating 49ers

    No more debate: Ravens are NFL's best team after beating 49ers

    To start the second, the Ravens drove into opposition territory but were halted when Jackson lost his first fumble of the season. San Francisco's defense forced a Baltimore punt on their first drive, that included a big pass breakup by Fred Warner .

    Buffalo Bills' Week 15 matchup vs. Steelers flexed to prime time

    After today's win against the Cleveland Browns, the Steelers are two games behind the Bills in the AFC wild card race. The news arrived shortly after the Chargers dropped to 4-8 with a dramatic loss to the Denver Broncos .
    Australian PMI: Weakest manufacturing conditions in three years

    Australian PMI: Weakest manufacturing conditions in three years

    The official PMI has a larger sample base, surveying 3,000 manufacturers nationwide, while Caixin polls 500 companies. That marked the fastest expansion since December 2016, when it was 51.9.
  • Epstein Accuser Giuffre Recalls 'Scary Time in My Life'

    Epstein Accuser Giuffre Recalls 'Scary Time in My Life'

    This March 28, 2017 image provided by the New York State Sex Offender Registry shows Jeffrey Epstein. He had been in prison awaiting trial on federal sex-trafficking charges, which he had denied.
    Israel plans new settler homes in flashpoint West Bank city

    Israel plans new settler homes in flashpoint West Bank city

    About 800 Israeli settlers live in the ancient city under heavy military protection, amid around 200,000 Palestinians. It states that Israel's building of settlements on Palestinian territories constitutes a violation of worldwide law.

    Alberta’s nurses union says province is aiming to cut 500 full-time positions

    Beginning April 1, AHS says they will use all options under the collective bargaining agreement to implement OBP (operational best practice).

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.