Market news
03.12.2019, 15:43

U.S. Commerce Secretary Ross : There is always a chance of a breakthrough that could impact the December 15th tariffs, - CNBC

  • U.S. President Trump wants to get the right deal 
  • Trump's objectives on U.S. China trade deal haven't changed
  • He is happy to continue with tariffs if no deal with China is made
  • Hong Kong situation is a variable in China trade deal, but Chinese retaliation on Navy vessels is not a big deal
  • U.S. can live without the port of Hong Kong
  • If there is a little bit of time needed for more talk then the tariffs will probably be postponed; otherwise, the tariffs will go into effect
  • There is no time pressure to get China trade deal done
  • He is optimistic that U.S. will eventually get something done on trade with China
  • Brazil, Argentina tariffs not related to China
  • Expects staff-level talks with China to continue but no high-level meetings are scheduled
  • Europe has consistently not lived up to the WTO rules
  • Pres. Trump has flexibility to impose tariffs on Europe
  • Remains to be seen if Trump would also impose tariffs on other countries that impose a digital tax
  • Does not believe there is anything imminent regarding Huawei access to the U.S. banking system

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