U.S. set to delay more China tariffs ahead of Trump, Xi meeting [Business News Network (BNN) Energy & Resources (Canada)]
Comcast Corporation - Class A (CMCSA)
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Source: Business News Network
U.S. set to delay more China tariffs ahead of Trump, Xi meeting The U.S. is willing to suspend the next round of tariffs on an additional US$300 billion of Chinese imports while Beijing and Washington prepare to resume trade negotiations, people familiar with the plans said. The decision, which is still under consideration, may be announced after a meeting between Presidents Donald Trump and Xi Jinping set for Saturday at a Group of 20 summit in Japan. A broad outline of the Trump-Xi agenda was discussed in a phone call Monday between U.S. Trade Representative Robert Lighthizer, and his counterpart in Beijing, Vice Premier Liu He. In an interview with CNBC on Wednesday, Treasury Secretary Steven Mnuchin expressed optimism that a deal could be reached by year end, saying the two sides “were about 90 per cent of the way there and I think there’s a path to complete this,” with a need still for “the right efforts.” U.S. stock futures jumped on his remarks. “The message we want to hear is
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