Afghanistan, June 12 -- Despite a new trade agreement with China, the U.S. will maintain its 55% import tariffs, says Commerce Secretary Lutnick.
The U.S. Secretary of Commerce, Howard Lutnick, announced that existing tariffs on Chinese imports will remain unchanged even after a new trade deal is finalized. He made the remarks during an interview with CNBC on Wednesday, June 11.
Lutnick confirmed that the U.S. will continue to enforce its 55% tariff on goods imported from China. This comes despite recent negotiations between Washington and Beijing aimed at stabilizing trade relations.
Earlier that day, President Donald Trump declared that the two countries had reached a framework agreement to reestablish a trade truce. The deal outlines ...