China says have agreed with US to cancel tariffs in different phases

  
Via:  just-jim-nc-ttth  •  6 days ago  •  33 comments

By:   Reporting by Yawen Chen and Martin Pollard Writing by Ryan Woo Editing by Kim Coghill

China says have agreed with US to cancel tariffs in different phases
China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in different phases, the Chinese commerce ministry said on Thursday.

But, but, but tariffs don't work and this will go nowhere and we will lose this battle at the American public's expense.........../s


S E E D E D   C O N T E N T


China and the United States must simultaneously cancel some tariffs on each other's goods for both sides to reach a "phase one" trade deal, said Gao Feng, spokesman at the commerce ministry.


The tariff cancellation is an important condition for there to be any agreement, he said at a regular press briefing.

The proportion of tariffs cancelled must be the same, and how many tariffs should be cancelled can be negotiated, Gao told reporters.

"The trade war started with tariffs, and should end with the cancellation of tariffs," Gao told reporters.

He did not give a timeline.

A source previously told Reuters that Chinese negotiators wanted the United States to drop 15% tariffs on about $125 billion worth of Chinese goods that went into effect on Sept. 1.

They are also seeking relief from earlier 25% tariffs on about $250 billion of imports from machinery and semiconductors to furniture.

A person familiar with China's negotiating position said it was pressing Washington to "remove all tariffs as soon as possible".

A deal may be signed this month by U.S. President Donald Trump and Chinese President Xi Jinping at a yet-to-be determined location.

Dozens of venues have been suggested for a meeting, which had originally been scheduled to take place on the sidelines of a now-cancelled mid-November summit of Asia-Pacific leaders in Chile, a senior official of the Trump administration told Reuters on Wednesday.

One possible location was London, where the two leaders could meet after a NATO summit that Trump is due to attend from Dec. 3-4, the official said.

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Just Jim NC TttH
1  seeder  Just Jim NC TttH    6 days ago

This is gonna be like a poker game. I can see it now.

 
 
 
Greg Jones
1.1  Greg Jones  replied to  Just Jim NC TttH @1    6 days ago

China was already had excessive tariffs on US goods and services. Trump simply pushed back a bit to gain their attention and to seek a level playing field.

 
 
 
Just Jim NC TttH
1.1.1  seeder  Just Jim NC TttH  replied to  Greg Jones @1.1    6 days ago

Exactly!! Dumb like a fox.............jrSmiley_13_smiley_image.gif

Winning.

 
 
 
Ozzwald
1.1.2  Ozzwald  replied to  Just Jim NC TttH @1.1.1    6 days ago
Exactly!! Dumb like a fox.............

Winning?  Our trade deficit is worse than it has ever been, and it increased faster than ever under Trump.  Remember, "tariff" is just a fancy way to say taxing Americans.

china_goods8-be2a.png

2018-12-12_piiechart_chinatradedeficit.p

 
 
 
lady in black
1.1.3  lady in black  replied to  Ozzwald @1.1.2    6 days ago

Those pesky facts

 
 
 
Ozzwald
1.1.4  Ozzwald  replied to  lady in black @1.1.3    6 days ago

Those pesky facts

Waiting for a "but Obama".....

 
 
 
lady in black
1.1.5  lady in black  replied to  Ozzwald @1.1.4    6 days ago

I'll raise you a butt Hillary

 
 
 
†hε pε⊕pレε'š ƒïšh
1.1.6  †hε pε⊕pレε'š ƒïšh  replied to  lady in black @1.1.5    6 days ago

That's not fair because every time we see her, her butt is bigger. (growing values are unfair)

 
 
 
Just Jim NC TttH
1.1.7  seeder  Just Jim NC TttH  replied to  Ozzwald @1.1.2    6 days ago
Winning?  Our trade deficit is worse than it has ever been, and it increased faster than ever under Trump.

Yes, winning. What you failed to point out is, that with a growing, no bursting, economy, people spend more. And what do they want? The cheapest "stuff" they can get. And where does most of that come from? China. And other places that manufacture said cheap shit........er stuff. And it isn't just the basic consumer. It is also some raw materials. And with China's part of the tariffs coming into play, why wouldn't the deficit grow? We just don't send and never have sent/exported more than imported in years. And with the advent of the tariffs, many, many businesses bought like drunken sailors to get ahead of the "game" of tariff chess. 

 
 
 
Ronin2
1.1.8  Ronin2  replied to  Ozzwald @1.1.2    6 days ago

So Trump should do nothing and hope the problem fixes itself. Because it has worked so well for every other administration./S

 
 
 
Just Jim NC TttH
1.1.9  seeder  Just Jim NC TttH  replied to  Ronin2 @1.1.8    6 days ago

"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies."

Ernest Benn

And Mr. Trump is putting an end to that............including the status quo in DC. He saw the problem and acted. That dem/lib/liv/progs don't like it is just a bonus.

 
 
 
Ozzwald
1.1.10  Ozzwald  replied to  Ronin2 @1.1.8    6 days ago
So Trump should do nothing and hope the problem fixes itself. Because it has worked so well for every other administration.

What problem?  Trade will never be equal, and I notice that you are completely ignoring the FACT that since Trump's tariffs the trade deficit with China has skyrocketed. 

If you feel Trump is right on his tariffs (tax increases) please explain why he put tariffs on Canada.  We had a trade surplus with them.

 
 
 
Just Jim NC TttH
1.1.11  seeder  Just Jim NC TttH  replied to  Ozzwald @1.1.10    6 days ago

See 1.1.7

 
 
 
Ozzwald
1.1.12  Ozzwald  replied to  Just Jim NC TttH @1.1.11    6 days ago

See 1.1.7

Why?  It has nothing to do with tariffs or trade deficits.  It's just another attempt at a distraction.

 
 
 
WallyW
1.1.13  WallyW  replied to  Ozzwald @1.1.10    6 days ago
  Trade will never be equal, and I notice that you are completely ignoring the FACT that since Trump's tariffs the trade deficit with China has skyrocketed. 

Trump's agreement with China will begin to normalize trade and start to reduce the trade deficit. Not gonna happen overnight.

 
 
 
Jack_TX
1.1.14  Jack_TX  replied to  Ozzwald @1.1.10    6 days ago
What problem?  Trade will never be equal,

No, but the Chinese have been serial cheats in many ways for many, many years.  I'm not sure tariffs are the best way to solve that, but the problem is definitely real.

 
 
 
KDMichigan
1.1.15  KDMichigan  replied to  lady in black @1.1.5    6 days ago
I'll raise you a butt Hillary

256

 
 
 
KDMichigan
1.1.16  KDMichigan  replied to  Ozzwald @1.1.2    6 days ago
Winning?  Our trade deficit is worse than it has ever been

Well what to you suggest to do? Let me guess throw money at it. 

And guess what? Other than having to listen to the left cry President Trumps policies dealing with the trade deficit is working.

Poor little lefties have to hate that.

256

 
 
 
lady in black
1.1.17  lady in black  replied to  KDMichigan @1.1.16    6 days ago

39qfja.jpg

 
 
 
KDMichigan
1.1.18  KDMichigan  replied to  lady in black @1.1.17    6 days ago

256

 
 
 
Ozzwald
1.1.19  Ozzwald  replied to  WallyW @1.1.13    5 days ago

Trump's agreement with China will begin to normalize trade and start to reduce the trade deficit. Not gonna happen overnight.

Hasn't happened in 3 years either, no evidence to indicate it will happen this year or next.  Trump's theory on trade seems to be that to get out of the hole you must first dig it deeper and deeper, eventually you'll come out in Australia.

 
 
 
Ozzwald
1.1.20  Ozzwald  replied to  KDMichigan @1.1.16    5 days ago
Other than having to listen to the left cry President Trumps policies dealing with the trade deficit is working.

By making it worse than it has ever been?  You have a very strange definition of "working".

 
 
 
Dean Moriarty
2  Dean Moriarty    6 days ago

The news propelled the Dow to a new record high today. Probably leaves those that claimed the trade war was crashing the market scratching their heads. 

 
 
 
†hε pε⊕pレε'š ƒïšh
2.1  †hε pε⊕pレε'š ƒïšh  replied to  Dean Moriarty @2    6 days ago

It is very possible in this market that I may retire before 52.

Then I'm taking my blocks and retiring outside the country in a government free safe zone and there are several. Estimated to recceive 4k a month in the social security slum tax retirement the check will be deposited in a foreign fu account.

 
 
 
Greg Jones
2.1.1  Greg Jones  replied to  †hε pε⊕pレε'š ƒïšh @2.1    6 days ago

Yeah, it wouldn't be safe if Fake-A-Hontas by some miracle got elected.

 
 
 
Dulay
2.1.2  Dulay  replied to  †hε pε⊕pレε'š ƒïšh @2.1    5 days ago

So you intend to become a tax evader?  

 
 
 
Jack_TX
2.1.3  Jack_TX  replied to  Greg Jones @2.1.1    4 days ago
Yeah, it wouldn't be safe if Fake-A-Hontas by some miracle got elected.

She's not smart enough to understand the math on single payer healthcare.  She's sure as fuck not smart enough to design a plan that can actually collect punitive taxes on expats.

 
 
 
JBB
3  JBB    6 days ago

All that market chaos was for not butt Trump's Ego!

 
 
 
†hε pε⊕pレε'š ƒïšh
3.1  †hε pε⊕pレε'š ƒïšh  replied to  JBB @3    6 days ago

Actually it was because the last few presidents let China rape their butts and tariff US goods without out a tariffs on Chinese goods causing a trade deficit.

Finally someone said no to ass rape.

 
 
 
Greg Jones
3.2  Greg Jones  replied to  JBB @3    6 days ago
All that market chaos was for not butt Trump's Ego

Thanks for displaying for all to see your total lack of understanding of the issue.

 
 
 
†hε pε⊕pレε'š ƒïšh
3.2.1  †hε pε⊕pレε'š ƒïšh  replied to  Greg Jones @3.2    6 days ago

The fog visibility is at 2 inches.

 
 
 
Tacos!
4  Tacos!    6 days ago

The proof will be in the doing of it. I'll cheer when it actually happens. It would be nice to see some actual progress regarding China, but so far, I haven't seen a reason to trust them.

 
 
 
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