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Thursday, August 15, 2019

Commerce’s Ross says no ‘quid pro quo’ from China on tariff delay

The announced delay until December 15 of putting 10 percent tariffs on some imports from China did not result in any concessions from China, Commerce Secretary Wilbur Ross said on CNBC. Ross said it was too early to determine where U.S.-China trade talks stand.

While further phone conversations are on tap between U.S. and Chinese officials, Ross said that no date has been set for in-person discussions. Expectations have been that the next in-person talks would take place in September in Washington.

The comments from Ross run counter the expectation by some that China could again import some U.S. farm products as a show of good faith. If so, Trump could postpone tariffs on the additional Chinese products still threatened with tariffs as of September 1. President Trump continued to berate China on Tuesday for not making such purchases and suggested that the tariffs might force it to do so.

“As usual, China said they were going to be buying ‘big’ from our great American Farmers,” he wrote on Twitter. “So far they have not done what they said. Maybe this will be different!”