‘Satisfactory Deal’ with China Could Lead to Lifting of Tariffs

-Source-The Western Journal-

President Donald Trump might remove tariffs placed on imported Chinese goods, the chairman of the president’s National Economic Council says.

The announcement by economic adviser Larry Kudlow came ahead of the meeting between Trump and Chinese President Xi Jinping at the Group of 20 summit in Buenos Aires on Nov. 30 and Dec. 1.

“If we get a good, satisfactory deal, [Trump] won’t impose new tariffs. He might even remove some tariffs,” Kudlow told reporters outside the White House on Thursday. “But that requires a very satisfactory deal. Those are his words, not mine.”

The Trump administration was reportedly considering imposing new tariffs of $257 billion on Chinese imports if such a deal is not struck.

Kudlow stressed that Trump wants to see the Chinese response improve and “deliver the goods,” as China has been known for unfair trade practices and theft of intellectual property.

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“They start playing by the rules—then, yes, tariffs could be removed. That’s a big ‘if,’” Kudlow said.

The tariffs on Chinese imports to the United States have mostly been on industrial machines, turbines, furnaces, cranes, farming equipment, batteries, rail parts, Read more