US says China trade deal has no agreement to reduce tariffs

PTI, Jan 15, 2020, 2:43 PM IST

Washington: The trade truce with China set to be signed on Wednesday does not include a deal to roll back tariffs imposed on most Chinese goods, US officials said in a statement Tuesday.

The joint statement from the Treasury and the US Trade Representative’s office said “there is no agreement for a future reduction in tariffs. Any rumours to the contrary are categorically false.”

The statement came after a Bloomberg report said tariffs on billions of dollars in Chinese goods will stay in place until after the US presidential election in November, after which they might be removed.

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