China presses Trump for more tariff roll-backs in 'phase one' trade deal


WASHINGTON (Reuters): China is pushing US President Donald Trump to remove more tariffs imposed in September as part of a "phase one" US-China trade deal, people familiar with the negotiations said on Monday.

The deal, which may be signed this month by Trump and Chinese President Xi Jinping at a yet-to-be determined location, is widely expected to include a US pledge to scrap tariffs scheduled for Dec 15 on about US$156bil worth of Chinese imports, including cell phones, laptop computers and toys.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Trade , tariff , US , China , trade war

   

Next In Business News

Shell says it remains committed to mobility business in Malaysia
Federal Court rules in SC’s favour, Ricky Wong’s leave application dismissed
Regional expansion to bode well for CTOS
Miti: Semiconductor industry offers Malaysia chance for exponential growth
Ringgit slightly higher at the close
Awantec to strengthen its synergistic offerings to drive growth
Bursa Malaysia hits all-time high market capitalisation of more than RM2 trillion
Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme

Others Also Read