We’ll be curating stories from management guru John Bittleston and making them free to read.Late on Tuesday, White House Trade Adviser Peter Navarro said he had no evidence that the tariffs set to take effect on Dec 15 on a list, comprising some US$160 billion of imports from China including consumer items like smartphones and toys, won't take effect.
The US has added a 25 per cent duty on about US$250 billion of Chinese products and a 15 per cent levy on another US$110 billion of its imports over the course of a 20-month trade war. "Every day that goes by, we are in a better negotiating position," he said, adding that most of the tougher issues would be addressed in later phases of negotiations.
Officials have also said it will include Chinese commitments to do more to stop intellectual property theft and an agreement by both sides not to manipulate their currencies. The US is wary of China's history of not living up to its promises to previous administrations and wants to lock the Asian nation into a firm schedule of purchases.
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