Delaying the new duties, which cover about $160 billion in imports from China, including consumer favorites like mobile phones, could help reassure markets the two sides are making progress towards ending their trade war.
US officials have reiterated that any final decision on the tariffs belongs to President Donald Trump. Statements by US officials have run hot and cold in recent days, with markets swooning last week after Trump said a deal could wait until after next year’s elections. But observers say Beijing is highly unlikely to make the kind of profound changes to the structure of its economy sought by Washington, which could politically undermine the Communist Party.
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