U.S. And China Consider Rolling Back Tariffs To Seal Trade Deal

The transcript discusses the ongoing negotiations for a partial trade deal between the US and China. A senior Trump administration official mentioned that removing tariffs would be part of the deal. China demands the US roll back tariffs on $360 billion worth of goods before signing. The US imposed a 15% tax on $110 billion of goods in September and a 25% tariff on $250 billion in 2018. China may reciprocate by rolling back tariffs on US products. President Trump announced an agreement on the deal's outlines, which could benefit farmers and technology sectors. However, the signing location remains uncertain after the Asia Pacific Summit in Chile was canceled due to protests.

What was the role of the Wall Street Journal in the context of the trade deal discussions?

Evaluate responses using AI:

OFF

Why was the Asia Pacific Summit in Chile significant in the context of the trade deal?

Evaluate responses using AI:

OFF