Area
United States of America
Commodity Group
Oilseeds, oils and meals
Commodity
Selected goods
Date
01/02/2020
Policy Category
Trade
Policy Instrument
Comprehensive trade negotiations
Description
In compliance with the Phase one agreement recently signed between the United States of America and China, on 14 February, the US Government cut by half its retaliatory tariffs on selected Chinese goods.
Notes
UNITED STATES / CHINA bilateral trade measures (United States): In compliance with the recently signed phase one agreement, on 14 February, the U.S. Government cut by half its retaliatory tariffs on selected Chinese goods. Furthermore, with regard to Chinas agreed purchases of U.S. goods and services, senior government officials reckoned that, due to the coronavirus outbreak, Chinas purchases could proceed at a slower pace than originally planned. Reportedly, the trade agreement includes a clause dealing with a partys inability to comply in case of unforeseeable external shocks.
