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Breaking: China Tariffs to Stay Until U.S. Election – Report

Published 01/14/2020, 01:51 PM
Updated 01/14/2020, 01:53 PM
© Reuters.
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By Kim Khan

Investing.com – The existing tariffs on Chinese goods imported into the U.S. will remain until after the U.S. presidential election in November, Bloomberg reported Tuesday.

  • A move to reduce the tariffs of 25% on $250 billion in Chinese goods and 7.5% on $112 billion of goods will hinge on compliance by Beijing to the phasae one trade deal, Bloomberg said.

  • The U.S. will review progress and possibly trim tariffs no sooner than 10 months after the phase one deal is signed Wednesday, Bloomberg said.

  • The broader market pulled back after the report, with the S&P 500 moving slightly into the red, down 0.04%.

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