U.S. to lift China tariffs?
U.S. officials are reportedly debating lifting tariffs on Chinese imports to give Beijing a reason to make deeper concessions in ongoing trade talks between the two countries, the Wall Street Journal reported.
Treasury Secretary Steven Mnuchin proposed lifting all or some of the tariffs, people close to the matter told the newspaper. The goal is to push forward trade talks and get China's support for longer-term reform.
The U.S. and China have been meeting to hammer out trade issues after both sides launched tariffs on each other last year.
The U.S. imposed duties on $250 billion of Chinese goods and threatened to add more. But Trump agreed to leave 10% tariffs on some $200 billion of goods in place this month rather than raise them to 25% as planned. China also slapped its own duties on U.S. imports but later in the year agreed to purchase U.S. agricultural and other products.