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Removal of tariffs may be seen as victory for China

In four days from now, the tariffs on close to $150 billion worth goods which are being imported from China are going to rise. The best case scenario for the markets in this situation is that these tariffs are going to be postpones however if they are postponed there is a risk that they are going to rise once again at a point early in the next year if they are not held for being used by the current President Donald Trump as a tool for his reelection. There is a less amount of likelihood that the tariffs that exist right now are going to be removed as per the wishes of China. The guillotine that the tariffs have been acting as firmly hangs still.

But if the tariffs are being removed as a peace gesture by United States, it is broadly going to be seen as a victory for China in the trade war.

Liu He, the top negotiator of China has been lobbying for the United States to at minimum put the tariffs which are going to come into effect on the 15th of Decembers on hold for the time being. He has also asked for the existing tariffs in some portions to be relaxed on the imports from China worth $360 billion as per a few reports from China.

Donald Trump has been using these tariffs as a key chip in the bargain and without these tariffs there is going to be no war however, there isn’t going to be any negotiation either.

China has been losing a lot too as a big facility in China for manufacturing of Samsung smartphones has been relocated in to Vietnam and India in this previous year.

Joyce Solomon
Author Details
ASSOCIATE EDITOR At Global Industry News 24

Joyce Solomon completed B.E. in Computer Engineering and started working as a Technology Analyst. But, her zeal to write the latest trends in the Technology domain persuaded her to work as an Associate Editorial for Global Industry News 24’s Technology domain news section. She has a total experience of approximately 5 years. By providing excellent-quality news reports, she has made a significant contribution to Global Industry News 24’s Technology section. Her leadership and problem-solving skills have always helped her to rise above the challenges. Along with the strong writing skills and a very good grasping power, Joyce is passionate about learning the latest technology and tools that can help her advance her productivity.

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