Photo: POOL New / Reuters
The United States will leave the existing duties on products from China until the next election of the President. About it reports Bloomberg with reference to informed sources.
Next steps in reduction of duties will depend on the implementation by China of the conditions of the first phase of the bargain. According to sources, both parties to the agreement are aware that the duties will not fall before the presidential election in November of this year.
15 Jan the United States and China intend to sign an agreement in Washington.
In December, the Chinese authorities postponed the introduction of new import duties on U.S. goods after the agreement on trade-truce. As reported by the Committee on customs fees and tariffs at the state Council of the PRC, in the future we plan to continue work on removing tariffs on several US products.
A trade war between the US and China last year and a half and is accompanied by the introduction of reciprocal trade restrictions in the form of higher fees.
Video, photo All from Russia.