Current: China insists on abolition of all tariffs for Phase 1 deal

We have just reported that China may insist on the abolition of all tariffs so that the Phase 1 deal can be signed. This now seems to be confirmed: China (!) insists on the abolition of all US punitive tariffs and would at the same time abolish the tariffs against the US that were imposed in response to the US punitive tariffs.

This is what Hu Xijin says with the typical phrase “based on what I know”. Every time Hu Xijin used such a phrase, it was officially announced by Beijing a little later:

Has this already been priced in by the stock markets? Based on what I know: no!

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