Authorization

The US-China trade war falls into 'purgatory' after Trump delays a portion of tariffs

The US-China trade war falls into 'purgatory' after Trump delays a portion of tariffs




Commerce Secretary Wilbur Ross said the decision to at least temporarily shield certain Chinese imports from tariffs was not a trade concession to Beijing.




Instead, it was made following domestic warnings that tariffs could raise consumer prices during the holiday season.




The move appeared to be met with little progress on key disputes and signaled a less defiant stance from the Trump administration.




Visit Markets Insider for more stories.




Commerce Secretary Wilbur Ross said Wednesday the decision to at least temporarily shield certain Chinese imports from tariffs was not a trade concession to Beijing, dimming hope for a quick deal to defuse tensions.
Ross instead said on CNBC that the Trump administration was attempting to protect American consumers from the effects of tariffs, adding that "nobody wants to take any chance of disrupting the Christmas season." The move appeared to be met with little progress on key disputes and signaled a less defiant stance from the Trump administration.
"The US-China tariff war has reached a stalemate, or even more accurately, fallen into purgatory," said Scott Kennedy, a Center for Strategic and International Studies adviser who analyzes the Chinese economy. "The two sides are now locked in a conversation of increasing irrelevance, on individual tariff lines and goods purchases."
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Август 2019    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
262728293031