WSJ report
How much of the tariffs on the $250 billion of goods initially assessed will remain?
At the outset of the US-China trade dispute, the US imposed a heavy round of tariffs. Now the US wants to leave them in place and the WSJ is calling it a "major obstacle" to a deal.
At issue is how much of the tariffs the U.S. levied on $250 billion of Chinese goods will be removed, according to the people. The U.S. wants to leave some in place as a tool to enforce the agreement while Chinese negotiators see those tariffs as an affront, and negotiators have batted the issue back and forth for at least a month.
At issue is the timeline for drawing them down but other issues include an enforcement mechanism, access to agriculture and opening China's cloud computer market.
See the report here. It could put some negative pressure on risk assets because reading though it, a deal doesn't appear to be as close as the White House has made it seem.
