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'Phase-2 trade deal may not remove all US tariffs on China goods'

Published : Wednesday, 22 January, 2020 at 12:00 AM  Count : 131

Jan 21:  The phase-two trade deal with China would not necessarily be a "big bang" that removes all existing tariffs, US Treasury Secretary Steven Mnuchin told the Wall Street Journal in an interview.
"We may do 2A and some of the tariffs come off. We can do this sequentially along the way," he added.
Mnuchin also warned that Italy and Britain will face US tariffs if they proceed with a tax on digital companies like Alphabet Inc's (GOOGL.O) Google and Facebook Inc (FB.O), the newspaper said.    -Reuters

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