Trump hints at possible compromise in Chinese tariffs

(Worthy News) – President Trump hinted Friday at a possible compromise in the upcoming trade talks with China: leaving in place tariffs on $50 billion worth of Chinese goods but negotiating on the remaining $200 billion worth of goods currently subject to tariffs.

“If you look at technology and the first $50 billion of goods, we want to keep that because we need that,” Trump told Fox Business in a Friday interview. The president was responding to a question about comments he made earlier in the week in which he indicated that the administration would not lift tariffs China even if they reached a trade deal.

The Trump administration last year first placed a 25 percent tariff on $16 billion worth of goods from China. It then followed that with 25 percent tariffs on another $34 billion worth of goods. The administration then put tariffs of 10 percent on a further $200 billion worth of Chinese goods. The first two tranches covered machinery and electronics, information and communications technology mainly, while the third tranche included agriculture items, chemicals, leather, plywood, paper, and textiles, among other goods. [ Source: Washington Examiner (Read More…) ]

Lift this up in Prayer

8

people are currently praying.

Latest Worthy News

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Books by George Whitten

Identity in Messiah Revealed https://identityinmessiah.com

A devotional journey calling believers out of self-doubt and into confident, Kingdom-rooted identity in the Messiah.

Buy on Amazon

The Biblical Fall Feasts Revealed https://biblicalfallfeasts.com

An in-depth look at the Biblical fall feasts and their prophetic significance for believers today.

Buy on Amazon

As an Amazon Associate I earn from qualifying purchases.