DOW dives instant after Trump said his administration is talking about leaving tariffs on China for a long period of time. That is, even if a trade agreement is reached, the tariffs won’t be limited until China complies with the terms of the deal. Though, he also said a deal is coming as tariff threat makes China eager to reach a deal.
He said: “We’re not talking about removing [tariffs], we’re talking about leaving them for a substantial period of time because we have to make sure that if we do the deal with China that China lives by the deal.”
His comments come just ahead of USTR Lighthizer’s trip to Beijing next week to resume the negotiation.
