Media: the US may waive duties on Chinese goods

According to the newspaper The Wall Street Journal, the United States is considering the possibility of abandoning the protective duties previously imposed by Washington on the import of Chinese goods. The White House administration sees such a move as a way to calm global financial markets and encourage Beijing to make deeper and longer-term concessions in a trade war.

With the proposed measures do not agree on US Trade Representative Robert Lighthizer. He believes that China may perceive such a step as a weakness on the part of Washington.

The idea of partial cancellation of duties or complete rejection of them was proposed by US Treasury Secretary Steven Mnuchin. The politician argues that such a policy of easing trading conditions will help succeed in advancing trade negotiations with China and enlist Beijing’s support in conducting joint longer-term reforms.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Media: the US may waive duties on Chinese goods