Trump Is Currently Not Introducing Any New Import Tariffs
Trump is Currently not Introducing any new Import tariffs on Chinese Goods. The United States and China will resume discussions on a trade agreement, US President Donald Trump confirms on Saturday at the G20 Summit in Osaka, Japan.
The Americans will also not introduce any new import tariffs on Chinese products for the time being.
“We had a good conversation with Chinese President Xi Jinping.
A very good conversation” said US President Trump at a press conference in Osaka.
“I assured not to add new rates, at least for the time being,” the US president said.
A month ago, Trump threatened to levy import tariffs of 25 percent on 325 billion dollars of Chinese goods.
With the new import duties, almost the entire Chinese export to America would be subject to trade rates.
According to the reports, these rates are now off the table.
Trump is also resuming negotiations on a trade agreement.
“Once again We are on track,” the US president said.
Xi also welcomed the new conversations between the two superpowers.
“Cooperation and dialogue are always better than friction and confrontation,” said Xi.
The trade dispute that began last summer was escalated in May.
The two parties appeared to be approaching a trade agreement at the time,
but those negotiations derailed after Trump accused China of violating the trade agreement agreements.
‘Huawei parts without safety problems’ may be sold again in the US
In addition to the trade dispute, world leaders Xi and Trump also addressed the situation surrounding the Chinese tech company Huawei.
Washington suspects the company of espionage involvement.
The company was blacklisted, which means that American companies are not allowed to resupply Huawei parts.
After the meeting, Trump said to reconsider the introduced punitive measure and that companies may again sell certain Huawei parts.
According to Trump, these are parts “that do not have a major safety problem”.
Next week, a final verdict will be made about Huawei’s blacklisting.