1/14, 7:45 PM (Source: TeleTrader)
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China tariffs to remain until after US presidential election - report

The tariffs the United States has imposed on approximately $360 billion of Chinese imports will remain in place even after November's US presidential election, the media reported on Tuesday.

Washington will hold the right to verify whether Beijing had been complying with the phase one trade agreement in the ten months after the signing and consequently announce a decision to reduce or eliminate levies. Furthermore, unnamed sources in the Trump administration rejected claims that another tariff decrease is in the plans, according to Bloomberg News.

The two countries are still scheduled to sign the interim trade accord tomorrow.

Breaking the News / MS