China wants removal of US tariffs in first phase of trade deal: report

China wants removal of US tariffs in first phase of trade deal: report
© Getty Images

China is prioritizing the removal of existing U.S. tariffs on Chinese goods in the first phase of the trade deal between the two countries, Reuters reported Sunday. 

Sources with direct knowledge told China’s Global Times newspaper Saturday that the U.S. needs to remove current tariffs in the agreement, not just upcoming scheduled tariffs.

The Global Times, which is published by the People’s Daily newspaper of the Communist Party, reported another source said U.S. officials did not want to get rid of tariffs because they viewed that as a “surrender” and giving up their leverage, Reuters reported. 


The Hill reached out to the Office of the U.S. Trade Representative for comment.

President TrumpDonald John TrumpLawmakers prep ahead of impeachment hearing Democrats gear up for high-stakes Judiciary hearing Warren says she made almost M from legal work over past three decades MORE said Tuesday that the first phase of the U.S.-China agreement was being finalized up as the trade war between the countries stretches to more than a year. But Reuters reported last month that phase one, originally planned for the end of November, may be delayed until next year because of Chinese demands.

Senate Finance Committee Chairman Chuck GrassleyCharles (Chuck) Ernest GrassleyOvernight Health Care — Presented by Johnson & Johnson – House progressives may try to block vote on Pelosi drug bill | McConnell, Grassley at odds over Trump-backed drug pricing bill | Lawmakers close to deal on surprise medical bills GOP senators request interview with former DNC contractor to probe possible Ukraine ties Congressional leaders unite to fight for better future for America's children and families MORE (R-Iowa) said last week that China had invited U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerPelosi casts doubt on USMCA deal in 2019 Pelosi sounds hopeful on new NAFTA deal despite tensions with White House On The Money: Economy adds 164K jobs in July | Trump signs two-year budget deal, but border showdown looms | US, EU strike deal on beef exports MORE and Treasury Secretary Steven MnuchinSteven Terner MnuchinWorld Bank approves billion-plus annual China lending plan despite US objections On The Money: Congress races to beat deadline on shutdown | Trump asks Supreme Court to shield financial records from House Democrats | House passes bill to explicitly ban insider trading Hillicon Valley: Pelosi works to remove legal protections for tech companies from USMCA | Treasury sanctions Russian group over 0 million hack | Facebook sues Chinese individuals for ad fraud | Huawei takes legal action against FCC MORE to negotiations. Officials could reportedly travel after Thanksgiving, a source told Reuters.