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11/8, 2:05 PM (Source: TeleTrader)
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Navarro: US only willing to delay China tariffs

White House trade adviser Peter Navarro (pictured) said on Friday that the United States is only willing to postpone the planned December 15 tariffs on Chinese goods as part of the phase one trade deal with Beijing, according to Fox Business reporter Edward Lawrence.

The remaining existing tariffs, which Beijing appears to have said will be rolled back as part of phase one, Washington will use as leverage for negotiations on the final trade agreement with China.

The Chinese Commerce Ministry said on Thursday that the two countries agreed to cancel existing tariffs as part of the partial deal.

Breaking the News / JC