US President Donald Trump told that US tariffs on the imported products from China could persist in place for a “substantial period”, diminishing the hopes of profitable trade agreement would be settled soon.
Top US trade negotiators are due to visit Beijing in the next week for a fresh round of discussions, and the officials have told that they were in the final phase of negotiations for resolving the eight-month trade war with China.
Beijing and Washington are struggling over the final step of an agreement, with US officials claiming a large number of charges from the Chinese industrial policy.
While recent comments ensured that the discussions are going to a positive settlement fueling optimism, the US President came across to raise expectations of trade relations between the largest economies of the world come back to normal.
The US President told about the tariffs, “We are talking about leaving them for a substantial period of time”. He added, “We have to make sure that if we do the deal with China, China lives by the deal”.
The US President told the reporters the discussions with Beijing were “coming along nicely”. But US officials have persisted that any settlement has right including the ability to enforce tariffs. China should begin regressing on any commitments to end the argument on unfair trade practices.
Over the last eight months, the United States and China have punched tariffs on more than $360 billion in bilateral trade, measuring on the manufacturing sectors in both countries.