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China Considers Request to Shift Tariffs

China may purchase more agriculture goods in deal

Container ship New Orleans

China is considering a U.S. request to shift some tariffs on key agricultural goods to other products so the Trump administration can sell any eventual trade deal as a win for farmers ahead of the 2020 election, people familiar with the situation said.

According to a report at Bloomberg, the step would involve China moving retaliatory duties it imposed starting last July on $50 billion worth of U.S. goods to non-agricultural imports, said the people, who asked not to be identified because the discussions were private.

The shift is because the U.S. doesn’t intend to lift its own duties on $50 billion of Chinese imports even if an agreement to resolve the trade war between the two nations is reached, one the people said.

A spokesperson for the U.S. Trade Representative didn’t immediately respond to a request for comment.

Read the full report at Bloomberg.

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