• U.S. Commerce Secretary Ross says China did not deliver on any of its commitments it made- CNBC

Market news

14 August 2019

U.S. Commerce Secretary Ross says China did not deliver on any of its commitments it made- CNBC

  • Says research and public hearings were done before $300 bln tariff proposal, and decision was made to be more protective ahead of the holiday shopping season
  • Any trade deal must include resolution to intellectual property theft, forced technology transfer, and must be enforceable
  • He does not believe a date has been set for September in-person trade talks; the only date that is set is an upcoming phone call in two weeks (late August)
  • He will have an update on Huawei on Monday

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