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NOTHING IS PERMANENT EXCEPT CHANGE

The lead U.S. trade negotiator said Monday that the Chinese delegation had reneged on early promises over the past week and that tariffs on more imports from China will be raised to 25% from 10% on Friday.

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The increase of tariffs on $200 billion in Chinese goods to 25 percent is off the table, for now, as the two sides begin to discuss the hard questions. The negotiations will cover “structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture,” according […]

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