Trump Official Says 'No Arbitrary Deadlines' for China Trade Deal
December 06 2019 - 1:50PM
Dow Jones News
By William Mauldin
WASHINGTON -- President Trump's top economic adviser said Friday
that there are "no arbitrary deadlines" for completing a limited
trade deal with China ahead of a new set of tariffs planned for
this month.
"These are presidential decisions," White House economic adviser
Larry Kudlow said Friday on CNBC. "But, the fact remains that [Dec.
15] is a very important date, with respect to a no-go or a go on
tariffs."
Some trade experts expect Mr. Trump to follow a previous pattern
and delay imposing tariffs as planned on Dec. 15 while negotiators
are pursuing a deal. Mr. Kudlow's comments left open the
possibility for such a delay in the U.S. tariffs on consumer
electronics and clothing set for that date.
In October, Mr. Trump said U.S. and Chinese negotiators had
reached the framework for a "phase one" deal to halt the trade war,
win major purchases of American farm goods and agree on rules for
intellectual property and currency manipulation. Future phases of
an agreement would follow the first, he said.
But the two countries missed an original mid-November deadline
for hammering out the details of the phase one deal, and now
business groups and farmers are hoping for an agreement before U.S.
tariffs on $156 billion in annual imports from China are imposed
Dec. 15. Those tariffs would cover a range of consumer goods,
including Apple Inc.'s iPhones.
Write to William Mauldin at william.mauldin@wsj.com
(END) Dow Jones Newswires
December 06, 2019 13:35 ET (18:35 GMT)
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