Tit-for-Tat Tariffs: Chinese Goods and Trade War

tit-for-tat tariffs: Beijing's silence, however, raised questions over whether the two sides can agree a truce in their trade war before a new round of tit-for-tat tariffs takes effect on Sunday, according to Nine News Australia. A source briefed on the status of bilateral negotiations said the United States would suspend tariffs on US160 billion A231 billion in Chinese goods expected to go into effect on Sunday and roll back existing tariffs. To improve your experience update it here News WorldUS sets trade deal terms but Beijing mum By AAP7 58pm Dec 13, has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing's buying more American farm goods, US sources says. In return, Beijing would agree to buy US50 billion in US agricultural goods in 2020, double what it bought in 2017, before the trade conflict began, two US-based sources briefed on the talks said. Neither Washington nor Beijing made official statements about a deal, however, raising questions about whether the terms had been agreed by both sides. China's yuan jumped to a four-and-a-half-month high against the US dollar and Chinese shares rallied on Friday on hopes the two sides will avoid further escalation of the trade war. (news.financializer.com). As reported in the news.