Trump says he has not agreed to roll back tariffs on China

ANI
09 Nov 2019, 04:03 GMT+10

Washington DC [USA], Nov 8 (ANI): United States President Donald Trump said on Friday that he has not agreed to roll back the tariffs imposed on China, diluting hopes of the two leading economies ending trade war amid the global economic slowdown.

Trump's statement comes after confirmation by the US and Chinese officials that the two parties seek to scale back certain tariffs on each other's products as part of an initial trade deal, once it has been signed, Sputnik reported.

The world's two leading economies have been engaged in a trade spat for over a year over what Trump calls the unfair economic conditions and non-competitive behavior from China.

China has denied such claims, saying that the trade row is not beneficial to either side of the world economy. The standoff translated into tit-for-tat hiking of tariffs in imported goods between the countries. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sierra Leone Times.

More Information

31 ℃

Mostly Cloudy in Seletar

Business

Section

European and Asian stocks rally, U.S. and UK markets closed

NEW YORK, New York - Stock markets in Europe and Asia made gains on Monday, while investors and traders in ...

California avocado producers to benefit from U.S.-China trade deal

LOS ANGELES, California - California avocados gained access to the Chinese market as a result of the China-U.S. phase-one economic ...

Nikkei 225 jumps 353 points, stocks in China struggle

SYDNEY, Australia - Tokyo and Sydney shares took off on Monday, and while stocks gained in Shanghai and Hong Kong, ...

Giant car rental operator bankrupt despite $1 billion in reserves

ESTERO, Florida - Hertz Global Holdings, Inc.and certain U.S. and Canadian subsidiaries have filed voluntary petitions for reorganization under Chapter ...

Coronavirus to impact economies of smaller Caibbean countries

How can the United Nations sustainable development goals improve health and education, reduce inequality and spur economic growth while the ...

Disadvantaged children engage in live video chat for Ramadan shopping

DUBAI, UAE - The world's largest themed mall which caters for more than 21 million visitors a year has had ...

Africa

Section