US President Donald Trump has admitted that he can agree to a temporary trade deal with China if a full-fledged conclude will not work.
Trump commented on talk of a preliminary agreement. Experts believe that it can be concluded to deal with easy questions. “But there are no easy or difficult questions. Either there is a deal or there is not. But this option is being considered,” the President said, referring to the temporary agreement.
The next round of US-China trade talks will take place in early October. Before that, the parties exchanged friendly steps about the existing duties.
The US postponed a two-week increase in duties on Chinese imports. The current tariffs will rise from 25 to 30 percent not from October 1, as previously expected, but on the 15th. The increase in tariffs was decided to be postponed at the request of Chinese Deputy Prime Minister Liu Khe because that on October 1, China will celebrate the 70th anniversary of the state.
In turn, China exempted 16 categories of American goods from additional import duties. The decision comes into force on September 17, the abolition of duties will last until September 16, 2020.