In return, the United States would most likely drop its tariffs on at least $200 billion of the $250 billion worth of Chinese imports currently subject to American levies. China, which has retaliated against President Trump’s tariffs with its own punishing taxes on American goods, is pushing for the elimination of all of the Trump tariffs, a person with knowledge of the negotiations said. It is unclear whether the Trump administration will agree to remove all the tariffs or keep some in place to keep pressure on China. As part of the agreement, the Trump administration has been pushing China to accept an enforcement mechanism that would enable the United States to quickly reinstate tariffs if Beijing fails to live up to specific promises. Mr. Trump has spent more than a year accusing China of unfair trade practices and promising to shift the balance of economic power back to the United States.

Source: New York Times March 04, 2019 00:57 UTC