US to seek public comment on which Chinese goods get tariff cuts
Summarized and contextualized by DistantNews.
At a glance
- The U.S. will solicit public input on which Chinese goods should receive reduced tariffs.
- A joint U.S.-China trade board will identify approximately $30 billion in non-strategic goods for tariff adjustments.
- U.S. Trade Representative Jamieson Greer indicated that tariffs on Chinese goods will likely remain higher than for other nations.
The United States plans to ask for public comments on which Chinese products should be subject to lower tariffs, according to U.S. Trade Representative Jamieson Greer.
Washington and Beijing have established a joint "Board of Trade" to initially pinpoint about $30 billion worth of non-strategic goods where tariffs can be reduced or eliminated between the two countries. Greer stated that a public notice regarding this process will be issued shortly.
I get to keep tariffs on China, which is pretty awesome.
When asked about the benefits of President Donald Trump's summit with Chinese President Xi Jinping beyond specific sales agreements, Greer highlighted the continued ability to impose tariffs on China. He suggested that U.S. tariffs on Chinese goods are expected to consistently be higher compared to those applied to other countries.
Greer acknowledged that the U.S. has accepted the reality that comprehensive reforms of China's political and economic system are unlikely. Instead, the focus will be on achieving "managed trade."
we can have some managed trade
Originally published by South China Morning Post. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.