US to maintain tariffs on Chinese goods until Phase 2 deal: Mnuchin
Wednesday, 15 January 2020 WASHINGTON, - The United States will maintain tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal. Mnuchin told reporters that President Donald Trump could consider easing tariffs if the world's two largest economies move quickly to seal a follow-up agreement. "If the president gets a Phase 2 in place quickly, he'll consider releasing tariffs...
World stocks eased off record highs on Wednesday and U.S. and German bond yields slipped as euphoria over a Sino-U.S. trade deal was depleted by U.S. Treasury Secretary Steven Mnuchin saying tariffs on Chinese goods would remain in place for now. David Pollard reports.
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