The trade deal to be signed this week will include pledges by China to buy US$200 billion of US goods over two years in four industries, a Trump administration official and two other sources briefed on the matter said.
China Trade
Chinese New Tariffs Will Be On $60Bln Worth Of US Goods
The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between the world’s two largest economies.
China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.
U.S.-China Trade Truce May Be Fleeting Absent Serious Reform
Gold Silver Reports (GSR) – U.S.-China Trade Truce May Be Fleeting Absent Serious Reform — President Donald Trump had threatened to slap tariffs on up to $150 billion in Chinese imports, while Beijing vowed to respond in kind. For now, Mnuchin’s cease-fire declaration will soothe the nerves of investors worried that the world’s two biggest economies were on the verge of an all-out trade conflict.