Partial reduction of US tariff on China

Decrease in U.S. tariffs on China Dec. 14 at 10:45

The trade negotiations between the US and China have reached the first stage of agreement, and the US government has announced that it will reduce some of the tariffs on top of Chinese imports. On the other hand, the opposition party and the Democratic party have criticized that they are weak, and it is difficult to predict whether it will lead to the spread of support as President Trump expects for the next presidential election.

The trade negotiations between the United States and China reached the first level agreement in areas such as the purchase of agricultural products by China and the protection of intellectual property rights, and for the first time since the Trump administration launched customs measures against China last March. Announced to reduce some of the customs duties.

The US government expects to sign the document formally in the first half of next month.

The US Chamber of Commerce and Industry, the largest economic organization in the United States, announced its statement on the 13th, saying, “It is a very positive development. It is a great gift for companies and consumers.”

On the other hand, Schuma ’s head of the opposition / Democratic Senate said in a statement, “Despite the huge imbalance in trade with China, we made a temporary and unreliable promise to buy soy.” That said, President Trump severely criticized China for its weakness.

“Farmers for Free Trade”, an agricultural organization that has opposed the additional tariffs of the Trump administration, said, “Since the trade war has started, farmers have had a tremendous economic burden. “No,” he says, and urges the trade war to end immediately, with tariffs added, rather than temporary agricultural purchases.

President Trump said the agreement was “the biggest deal ever, leading to the opening of the Chinese market,” highlighting the results when it would be a big profit for farmers, but for the next presidential election, It is difficult to predict whether it will lead to widespread support.