News

Trump not planning new tariffs on China before Jan: official

December 8, 2020 05:02 AM


Twitter Share Facebook Share WhatsApp Share

US President Donald Trump does not plan to impose additional tariffs on Chinese goods before his successor Joe Biden takes office next month, White House economic adviser Larry Kudlow said Monday.

"On the trade talks, we remain engaged," Kudlow said at an event hosted by The Washington Post. "We're not planning on any new tariffs."

Trump launched an aggressive trade war against Beijing that involved tit-for-tat tariffs on hundreds of billions of dollars in products, many of which remain in place despite a "phase one" agreement signed early this year.

Kudlow said China is living up to the initial agreement that included specific targets for purchases of agricultural products like soybeans.

"Data show this, that China is abiding by a good chunk of the phase one trade deal," he said, adding, "They may be behind because of the pandemic situation."

In addition, "there seems to be some positive movement with respect to setting up new laws and new legal bodies, judiciary bodies, to stop the extraordinary theft of our intellectual property which was, as you know, a key part of our concerns." 

Biden last week said he would not move immediately to remove any of the tariffs Trump imposed during his four years in office, saying he would focus first on investing in American workers and manufacturing.

Once he takes office on January 20, Biden is expected to repair diplomatic relations with trading partners and allies like the European Union, which could be a solid ally in pressuring Beijing to change its behaviour.

 



Most Read

  1. Madiha Rizvi ties the knot again Madiha Rizvi ties the knot again
  2. Zara Noor Abbas inspired by Rani Mukerji Zara Noor Abbas inspired by Rani Mukerji
  3. Here is all about Madiha Rizvi’s second husband Here is all about Madiha Rizvi’s second husband
  4. Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital
  5. Maryam Nawaz can wear uniform! Maryam Nawaz can wear uniform!
  6. Humayun Saeed and Saboor Aly under fire for close interaction in public Humayun Saeed and Saboor Aly under fire for close interaction in public

Opinion

  1. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai

  2. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  3. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  4. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  5. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  6. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay