China offers to reduce polysilicon duties in trade talks with U.S.
In the fourth round of trade talks between the USA and China in Washington, D.C. last week, China offered that it would “reduce its tariffs on U.S.-made polysilicon,” news agency Reuters has reported, referring to two sources familiar with the negotiations.
The offer is part of a 10-item list of shorter-term measures that China may take to quickly reduce the trade deficit with the U.S.; according to Reuters, the negotiators are also working on six memorandums of understanding about Chinese structural reforms to trade and economic policies.
On Sunday, February 24, U.S. President Donald Trump announced on Twitter he would delay an increase of tariffs on Chinese imports from 10% to 25% scheduled for March 1 as “the U.S. has made substantial progress in our trade talks with China.”
On Monday Trump told a group of U.S. governors that a deal “might not happen at all, but I think it’s going to happen and it could happen fairly soon.”
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