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Donald Trump not planning new China tariffs, says White House adviser Larry Kudlow
- Aide says Beijing is living up to a ‘good chunk’ of the phase one trade deal, which included targets for purchases of agricultural products like soybeans
- US President-elect Biden has said he would not move immediately to remove any of the tariffs placed by Trump when he takes over
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US President Donald Trump does not plan to impose additional tariffs on Chinese goods before his successor Joe Biden takes office next month, White House economic adviser Larry Kudlow said on Monday.
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“On the trade talks, we remain engaged,” Kudlow said at an event hosted by The Washington Post.
“We’re not planning on any new tariffs.”
Trump launched an aggressive trade war against Beijing that involved tit-for-tat tariffs on hundreds of billions of dollars in products, many of which remain in place despite a “phase one” agreement signed early this year.
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Kudlow said China is living up to the initial agreement that included specific targets for purchases of agricultural products like soybeans.
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