ANI
08 Nov 2019, 23:33 GMT+10
Washington DC [USA], Nov 8 (ANI): United States President Donald Trump said on Friday that he has not agreed to roll back the tariffs imposed on China, diluting hopes of the two leading economies ending trade war amid the global economic slowdown.
Trump's statement comes after confirmation by the US and Chinese officials that the two parties seek to scale back certain tariffs on each other's products as part of an initial trade deal, once it has been signed, Sputnik reported.
The world's two leading economies have been engaged in a trade spat for over a year over what Trump calls the unfair economic conditions and non-competitive behavior from China.
China has denied such claims, saying that the trade row is not beneficial to either side of the world economy. The standoff translated into tit-for-tat hiking of tariffs in imported goods between the countries. (ANI)Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationMELBOURNE, Victoria - If a federal election were held today, the Australian Labor Party (ALP) would be re-elected with an increased...
TOKYO, Japan: This week, Japan's cherry blossom season officially began as experts confirmed the first blooms in Tokyo. A specialist...
BEIJING, China: As global tech firms navigate rising geopolitical tensions, China has extended a warm signal to Apple, one of its most...
London [UK], April 1 (ANI): England and Wales Cricket Board (ECB) announced former skipper Charlott Edwards as the new head coach of...
BEIJING, April 1 (Xinhua) -- The drills around Taiwan Island are a serious warning and an act of containment against Taiwan independence...
An aerial drone photo taken on March 29, 2025 shows Xiong'an New Area Zhongguancun Science Park and its surroundings in Xiong'an New...
NEW YORK CITY, New York: A drop in mortgage rates and more housing inventory helped drive a surge in mortgage activity at Bank of America...
WASHINGTON, D.C.: U.S. President Donald Trump said this week he would work to see federal funding end for news outlets NPR and PBS....
LONDON/NEW YORK CITY: A cup of coffee could soon cost you a lot more. Roasters worldwide are warning of double-digit price hikes as...
NEW YORK, New York - Industrial stocks advanced while the tech sector was under considerable prressure Monday as Liberation Day, approaches....
BERLIN/DETROIT: Automakers worldwide are bracing for the impact of sweeping new U.S. tariffs that could reshape global vehicle production...
CHARLOTTE, North Carolina: Dollar Tree is cutting ties with its struggling Family Dollar chain in a US$1 billion deal that marks the...