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New Chinese and US Tariffs

China and the US have made a tentative agreement on tariffs.

Posted: Dec. 2, 2018 11:03 AM

UNITED STATES AND CHINA- It's truce for now...

Both China and the United States have reached a tentative agreement. According to a statement from White House Press Secretary Sarah Sanders.

Meeting in Argentina yesterday, Trump agreed to maintain the 10% tariffs on 200 billion dollars' worth of Chinese goods...
rather than raising them to 25%.

In exchange, China has agreed to purchase a quote very substantial amount of agriculture and energy goods from the US.

The statement goes on to say that the two countries will immediately begin negotiations on top US concerns, including forced technology transfer and cyber theft.

If an agreement is not reached within 90 days, the 10% tariffs will rise to 25%.

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