Trump grants tariff exemptions to hundreds of Chinese products

Cornelia Mascio
Settembre 21, 2019

A Chinese trade delegation canceled a planned visit to farms in the USA heartland, driving down stock indexes as investors turned pessimistic on progress toward resolving the two nations' trade war.

President Trump has suggested that unless China agrees to U.S. demands "China's supply chain will crumble and businesses, jobs and money will be gone!" His comments on Friday came just hours after the White House said it would temporarily spare more than 400 Chinese products from tariffs. Instead, the United States deficits with Mexico and the European Union look likely to hit new highs in 2019 while the deficits with Canada and the "rest of the world" are on course to widen out versus 2018.

"It's more in consideration of the trade war impact on the domestic USA economy than a concession to China, but this could still help build some goodwill before the trade talks in October", he continued.

China exempted more than a dozen USA products from Chinese tariffs on September 11. "Interaction of goodwill between China and the U.S.is still fragile".

Now tariff-free straws can be shipped to the USA, where they're much more likely to be safely tossed in a trash can and carted to a landfill. "I don't think it has any impact on the election".

Other products excluded from the tariffs are Christmas tree lights, certain skateboards and electric motorcycles, parts of pool vacuums and pet water fountains. Bown said it isn't entirely clear what determines which companies prevail, or not, especially when there's so little precedent for how the government handles and responds to these sorts of requests. "Deals have got to be good deals, deals have got to be sustainable deals". "They're holding out hope that theirs is the one product that is exempt".

A delegation of about 30 Chinese officials, led by Vice Finance Minister Liao Min, met counterparts at the U.S. Trade Representative's (USTR) office near the White House.

According to Federal Register notices published Friday morning, hundreds of goods that had been subject to three waves of tariffs imposed last year will be exempted from those additional duties for about a year.

The United States is asking that China substantially increase purchases of American soybeans and other farm commodities, a person with knowledge of the planned discussions told Reuters.

Trump remained hawkish on the tariff approach, stating that he expected the USA to make $100 billion in revenue from the tariffs soon.

This article was written by Rachel Siegel, a reporter for The Washington Post.

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