Trump's top advisers are rushing to find an escape hatch for a series of tariff increases in the coming months, worried about the potential for further economic damage
President Donald Trump's top advisers are rushing to find an escape hatch for a series of tariff increases in the coming months, worried about the potential for further economic damage.
The internal discussions were confirmed by two other people close to the talks, who cautioned that nothing has been finalized. “The idea is to pull the relationship away from where the president loses his temper and could really hurt them,” said the person, who was recently briefed by Chinese officials.
The discussions about some kind of agreement come as the White House holds wide-ranging internal debates about ways to boost economic growth heading into 2020 as data suggest a clear slowdown with the trade wars having an obvious impact, especially on manufacturing.various tax cut ideas being floatedOne of the people close to the talks said deputy-level officials will start meeting next week to set up a potential preliminary deal involving agriculture purchases by China and, on the U.S.
The move followed China’s announcement earlier on Wednesday that it was exempting 16 items from the retaliatory tariffs it has imposed on American products in response to Trump’s tariff moves.
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