Trade tensions between the U.S. and China have persisted for well over a year, with each country levying tariffs on billions of dollars’ worth of goods from the other. So when the trade war will be ended?
Now, both countries are in the process of sealing what’s been called a “phase one” deal to address some points of disagreement.
“The trade war was begun with adding tariffs, and should be ended by canceling these additional tariffs. This is an important condition for both sides to reach an agreement,” China’s Ministry of Commerce Said.
Now both countries have tried different ways to cope with the tariffs. For some companies in America, diverting production or the sourcing of imports is an option. On the other hand, many Chinese companies have chosen to absorb what tariff costs they can, rather than pass it on to customers.
Wish both countries will reach a final agreement and end the one year trade war. This will be good to both sides.
Post time: Nov-15-2019