AreaUnited States of America
Commodity GroupOilseeds, oils and meals
CommoditySelected goods
Date01/02/2020
Policy CategoryTrade
Policy InstrumentComprehensive trade negotiations
DescriptionIn 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.
NotesUNITED 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.
