China news - cuts to duties on imports from the US for some goods. To halve the added tariffs on $75bn of US goods tariffs on some goods to go from 10% to 5%, some from 5 to 2.5% .... the tariffs imposed on Sep 1 last year to be cut
This is about the 2020 election: China can't leverage the Popinjay-in-Chief without giving him back some shit now. I "predict" a souring of relations right about Labor Day -- which would work right into a TrumPidiot Agenda for great splashes of meaningless Red, White, and Blue headlines about how he'd be "Standing Up To China..." Good Lord. "Wagging The Dog..." here we come.
Yes, @tommcginnis, by Labor Day, Phase-2 will be signed, China will agree to anything we wanted. Our CIC will claim victory and be re-elected.
I didn't vote for him and don't plan to this time either but I have to give the devil his due. I think he got lucky and it is working.
Don't forget, China just unilaterally reduced tariffs on US imports by half, either out of necessity or to show goodwill.
My apologies ... I didn't understand your question. Isn't what part of phase 1 ? "useless tariff war normal" ??
There was a phase 1 agreement, in which I assume, easing of tariffs was part of the deal. Basically going back to the pre-tariff war "normal"