Trump says no full 'rollback' of China tariffs

Posted by on March 27, 2017
US President Donald Trump speaks to the press before departing the White House in Washington, DC on November 8, 2019.Image copyrightAFP
Image caption Donald Trump says he "won't do" a complete rollback of tariffs

Some US tariffs on China are likely to remain in place even in the event of a trade deal, the US has indicated.

US President Donald Trump told reporters that China was pushing for the removal of some tariffs as part of an agreement, but he said a "complete rollback" was off the table.

"They'd like to have a rollback... not a complete rollback because they know I won't do it," he said.

The two sides are trying to de-escalate the economically damaging trade war.

  • Trade wars, Trump tariffs and protectionism explained
  • A quick guide to the US-China trade war

Negotiations have dragged on, despite Mr Trump's saying last month that the two sides had reached consensus on terms for a limited "phase one" agreement that could be signed within weeks.

Further complicating the talks, Chile recently cancelled plans to host two gatherings of world leaders. Those summits had been identified as possible venues for Mr Trump and Chinese President Xi Jinping to sign a pact.

On Friday, Mr Trump said that he wanted a deal, "assuming we get it", to be signed in the US.

Global growth

Mr Trump's remarks followed claims by officials in both the US and China that the countries would remove some tariffs, should a deal be reached.

A spokesman for China's Commerce Ministry said the two sides had agreed to cancel the tariffs "in stages".

Reuters and Bloomberg reported that a US trade official had confirmed that tariffs would be lifted, should a deal be reached.

But US negotiators did not publicly endorse the report and Reuters later reported that the plan faced "fierce" internal opposition.

Economic strains caused by the trade war have weighed on global growth this year, after the US and China imposed tariffs on billions of dollars worth of each others' goods.

The International Monetary Fund estimates that the US-China trade war will shave almost a percentage point off global growth in 2019.

In the US, the fight has particularly hit farmers, an important political constituency for Mr Trump.

On Friday, Mr Trump, who is up for re-election next year, denied that he felt pressure to strike a deal.

"China would like to make a deal much more than I would," he said.

1

'The Crown' welcomes its new royals in Season 3 launch

November 14, 2019

Television fans welcomed a new queen on Wednesday as Olivia Colman and other sta ...

2

'Mandalorian' creator Favreau teases more 'Star Wars' surprises

November 14, 2019

"The Mandalorian" creator Jon Favreau and cast members debuted the "Star Wars" s ...

3

Pidgin perfect: Slang spreads message for Nigeria's 'opera queen'

November 14, 2019

Dressed in a bright red and blue robe and backed by a local band with an eclecti ...

4

Robert De Niro to get lifetime achievement award from actor union

November 14, 2019

(Adds full name of labor union in paragraph two, fixes headline)

5

Netflix to change Nazi guard documentary after Polish complaint

November 14, 2019

Netflix said on Thursday it would make changes to maps in a documentary that sho ...

1

U.S. Offers North Korea ‘Act of Good Will.’ Not Enough, North Says.

November 19, 2019

A canceled military drill was not enough to get the North Koreans back to the ta ...

2

Are West Bank Settlements Illegal? Who Decides?

November 19, 2019

The United States declared that Israeli settlements on the West Bank are “not ...

3

Iraq Officials, Responding to Times Report, Deny Aiding Iran

November 19, 2019

Several current and former Iraqi officials, named in leaked spy cables, said the ...

4

West Bank, Impeachment Hearings, Hong Kong: Your Tuesday Briefing

November 19, 2019

Here’s what you need to know.

5

1969: Queen’s Horses Sold for Slaughter

November 19, 2019

News that horses used in British state ceremonies were being sold to slaughterho ...

CLOSE [x]