The December 15 tariffs will not be imposed, but existing tariffs will not be rolled back even though China says the US has "promised" to do so in phases. In other words, once again there is no actual Phase 1 deal, there is just an agreement to avoid a new round of tariffs with both sides making vague promises.
So to summarize again" there is no actual, enforceable deal. There is only a "deal" for public consumption, one that indicates both sides have promised to make unenforceable concessions, with no new tariffs imposed and Trump cutting the Sept 2019 tariffs in half from 15% to 7.5%.
Enlightening. Thanks for the info.
All China wanted is the tariffs turned off. The Chinese got what they wanted. I Love Trump but hate this deal.
There’s a deal.
Both parties have held back much- subject tp performance.
“Phase one”, not final, not even a ‘big deal’ really, but a good start.
We still have a lot of tariff on them.