Will the US cancel December 15 tariffs if China concedes?

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The US Has Offered to Cancel Tariffs on China in Exchange for Concessions

US officials have proposed cancelling the December 15 tariffs and reducing existing duties on approximately US$360 billion of Chinese goods as part of a potential trade deal. This offer is contingent on Beijing agreeing to specific concessions demanded by Washington. The US is also willing to withdraw the 10 per cent tariffs scheduled to take effect on Sunday, December 15, on an additional US$160 billion of Chinese products.
Proposed Tariff Reductions

The US has put forward a plan that includes cancelling the new tariffs slated for December 15. Furthermore, existing tariffs imposed on about US$360 billion worth of Chinese goods could be reduced, potentially by as much as half. This significant rollback of duties is a key component of the proposed agreement aimed at de-escalating the ongoing trade dispute.
Demands for Chinese Concessions

In return for these tariff concessions, the US is seeking substantial commitments from China. These demands include a significant increase in purchases of American farm goods and other products. Additionally, Washington requires Beijing to enhance the protection of American technology and to further open up its financial services sector to US companies.
Contingency for Non-Compliance

The proposed tariff cancellations and reductions are conditional. Should China fail to meet the agreed-upon terms and commitments, the tariffs would revert to their original, higher rates. This stipulation underscores the US intention to ensure compliance with any deal reached.
Proximity to a Deal

President Donald Trump has indicated that significant progress has been made in the trade negotiations. He stated on Thursday that both sides are very close to reaching an agreement. This sentiment suggests a positive outlook on finalising the terms of the proposed trade resolution.

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Will the US cancel December 15 tariffs if China concedes?

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