BEIJING: Beijing is looking to Washington for “positive” trade outcomes as a tariff truce between the world’s two biggest economies remains in limbo, hours before higher tit-for-tat duties are due to return.
While the US and China slapped escalating tariffs on each other’s products this year – reaching prohibitive triple-digit levels and snarling trade – both countries in May agreed to temporarily lower these levels.
But their 90-day halt in steeper levies is due to expire Tuesday, with all eyes now on a path forward.