US Agriculture Secretary Sonny Perdue said this week that US trade negotiators had asked China to reduce tariffs on US ethanol, but it was not immediately clear whether Beijing was willing to oblige.
WASHINGTON - President Donald Trump said he had asked China to immediately remove all tariffs on U.S. agricultural products because trade talks were progressing well.“I have asked China to immediately remove all Tariffs on our agricultural products based on the fact that we are moving along nicely with Trade discussions,” Trump said on Twitter, pointing out that he had not raised tariffs on Chinese goods to 25% from 10% on 1 March as planned.
Trump’s post on Twitter came several hours after the US Trade Representative’s office said that it would delay the scheduled hike in tariffs on $200 billion worth of Chinese goods. The notice, due to be published in the Federal Register next Tuesday, says it is “no longer appropriate” to raise the rates because of progress in negotiations since December 2018. The tariff would remain “at 10% until further notice.”
A tariff increase to 25%from 10% was initially scheduled for 1 January, but after productive conversations with Chinese President Xi Jinping, the Trump administration issued a 90-day extension of that deadline.
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