Hoax Progress Nexus to US-China Trade War as Trump Denies Axing Tariffs

It has been a war fought keeping in mind only the retaliations, but just as signs emerged that the US-China trade war would end soon, the President of the United States Donald Trump turned tables for worse.

In his statement on the US-China trade war, Trump affirmed that he was yet to agree on beginning to reduce the tariffs on imports from China. Meanwhile, Beijing also confirmed that the earlier account about the President agreeing to phase out the tariffs was untrue.

Until now, there have been numerous instances where the US-China trade war has been portrayed as getting settled, but none has really delivered anything significant. In the present scenario, it was the Chinese commerce ministry that seemed utterly optimistic and said that 18 months of intensifying protectionism might be coming to an end.

However, the statement served as nothing, but a direct contradiction from the White House officials stating that more work was required to be done before the two presidents met to sign a deal.

Tariffs on imported goods have disrupted corporate revenues and disturbed the spending patterns of the consumers in both the economies, yet Trump said that he was satisfied with the current state of affairs.

“They’d like to have a rollback but I’ve not agreed to anything,” Trump said. “China would like to get somewhat of a rollback, not a complete rollback because they know I won’t do it,” he added.

Trump administration introduced new tariffs on Chinese imports more than 2 months ago and increased the percentage from 10 to 15 per cent. At that time, China also retaliated and raised the percentage by 5 per cent to 10 per cent on US imports.

“We’re getting along very well with China. They want to make a deal … frankly they want to make a deal a lot more than I do. I’m very happy right now, we’re taking in billions of dollars,” the President said.

To make the matters worse, Chile recently called off the plans to host two gatherings of the world leaders. The summits that had been potentially identified as possible venues for Trump and Chinese President Xi Jinping to sign some agreement.

US-China trade war has seen negotiations dragged on false promises for more than a while now, and just like every other time there is no common consensus still reached to comment on what might happen next.

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