9/12, 8:01 PM (Source: TeleTrader)
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Trump admin looking to avoid further China tariffs - report

Top advisers to United States President Donald Trump are trying to find a way out of a planned series of tariff hikes China has announced for the coming period, as they grow increasingly wary about further economic damage which may be incurred, Politico reported on Thursday, citing a source with knowledge of the discussions.

According to the source, a number of president's top economic advisers are seeking to bring back the terms negotiated back in May, before the trade talks reached the current stalemate. "We are looking for the Chinese to give us what we asked for in May," the source was quoted as saying.

Earlier, it was reported that Beijing is looking to narrow the scope of negotiations and limit it to trade in order to resolve the most burning issues, such as scheduled tariff increases.

Breaking the News / GG