China suspends additional tariffs planned from Dec 15 on some US goods

After US President Donald Trump anunced phase-one China tre deal, scrapping penalty tariffs, on December 13, China reciprocated to it by suspending ditional tariffs on some US goods that were set to be implemented from December 15. China’s State Council Customs Tariff Commission, in a statement, said that decision was taken in order to implement results of recent consultations between China and United States on ecomic and tre issues.

Or tariffs to continue

w-suspended retaliatory tariffs were meant to target several imported products including vehicles and auto parts originating from US. department clarified that or alrey implemented tariffs against US and Cana will remain in place ‘in accordance with regulations’.

“China hopes to work with United States on basis of equality and mutual respect to properly resolve each or's core concerns and promote stable development of Si-US ecomic and tre relations,” said Commission.

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Earlier, Trump took to Twitter to inform that China, during phase-one deal, agreed to many “structural changes” and “massive purchases” of agricultural product, energy, and manufactured goods, among ors.

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US tre representatives also confirmed ‘historic and enforceable agreement’ with China on Phase One tre deal. It said that US will be maintaining 25 per cent tariffs on approximately $250 billion of Chinese imports, along with 7.5 per cent tariffs on approximately $120 billion of Chinese imports.

“President Trump has focused on concluding a Phase One agreement that achieves meaningful, fully-enforceable structural changes and begins rebalancing U.S.-China tre relationship. This unprecedented agreement accomplishes those very significant goals and would t have been possible without President’s strong leership,” said United States Tre Representative Robert Lighthizer.

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