According to a Bloomberg report, based on unnamed sources, US President Donald Trump’s advisers are considering an interim trade deal with China, that would involve delaying or even rolling back some tariffs. In return, China has to offer commitments on intellectual property protection and agricultural product purchases.
Separately, Treasury Secretary Steven Mnuchin said Trump is a “negotiator” and he’s “prepared to keep these tariffs in place. He’s prepared to raise tariffs if we need to raise tariffs”. Though, Mnuchin is “cautiously optimistic” about upcoming meetings with China’s trade team.