China-U.S. Trade Talks on Tariffs

SOURCE www.breitbart.com
China may be open to talks with the U.S. on tariffs, presenting a possible off ramp from the ongoing trade war. Both countries have imposed high tariffs on each other, but there is hope for a deal. The U.S. recently ended tariff exemptions on goods from China under $800, which could impact consumers.

Key Points

  • China considering talks with the U.S. on tariffs
  • U.S. imposing high tariffs on Chinese imports
  • Both countries showing willingness to negotiate for a deal

Pros

  • Possibility of talks between China and the U.S. to resolve tariff issues
  • Potential to avoid an ongoing trade war that has impacted global markets

Cons

  • Warning from the Chinese Commerce Ministry against coercion and extortion in talks
  • Uncertainty around whether progress can be made despite economic pressures