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China hopes for ‘positive’ outcomes as US tariff deadline nears

Cover Image for China hopes for ‘positive’ outcomes as US tariff deadline nears

Both nations paused steep tariffs for 90 days starting in May, with the halt set to expire Tuesday.

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.

Tags:china tradeeconomic talksSoybean Orderstariff suspensiontariff trucetrade dealtrade disputetrade talksTrump PolicyUS tariffs


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