Trump shoots down talk of tariff cuts
Story Date: 3/31/2020

 

Source: POLITICO' S MORNING AGRICULTURE, 3/30/20

The president rejected a Wall Street Journal report that the administration might stop collecting duties for three months to help hard-hit companies weather the economic storm. At a White House briefing on Friday, Trump said the report was "just more fake news," our Pro Trade friends tell MA.

"Everybody keeps saying, 'Oh, are you going to suspend the tariffs?'" Trump said at the briefing. "Well, the answer is no."

Reminder: Trump has left trade war duties in place on more than $350 billion in Chinese goods, in addition to steel and aluminum tariffs on China, the EU and many other nations. The U.S. collected nearly $72 billion in tariffs in fiscal 2019, up from $41.6 billion the prior year.

























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