- U.S. Commerce Secretary Ross : There is always a chance of a breakthrough that could impact the December 15th tariffs, - CNBC
Market news
3 December 2019
U.S. Commerce Secretary Ross : There is always a chance of a breakthrough that could impact the December 15th tariffs, - CNBC
- U.S. President Trump wants to get the right deal
- Trump's objectives on U.S. China trade deal haven't changed
- He is happy to continue with tariffs if no deal with China is made
- Hong Kong situation is a variable in China trade deal, but Chinese retaliation on Navy vessels is not a big deal
- U.S. can live without the port of Hong Kong
- If there is a little bit of time needed for more talk then the tariffs will probably be postponed; otherwise, the tariffs will go into effect
- There is no time pressure to get China trade deal done
- He is optimistic that U.S. will eventually get something done on trade with China
- Brazil, Argentina tariffs not related to China
- Expects staff-level talks with China to continue but no high-level meetings are scheduled
- Europe has consistently not lived up to the WTO rules
- Pres. Trump has flexibility to impose tariffs on Europe
- Remains to be seen if Trump would also impose tariffs on other countries that impose a digital tax
- Does not believe there is anything imminent regarding Huawei access to the U.S. banking system
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