The Wall Street Journal published a report – citing one of its sources from U.S. administration officials – stating that the White House might temporarily suspend the tariffs imposed by the United States on imports from China, which are at 10%, if some serious progress is made regarding fentanyl trade during the upcoming discussions between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. This report from the Wall Street Journal comes after a scheduled call between Trump and Xi, which was supposed to take place last week, was postponed when Xi delayed the call, and it has not yet been rescheduled. However, the Wall Street Journal states that the postponement is due to China not yet providing an offer that satisfies Trump. The Wall Street Journal indicated that China is in no hurry about the call because it does not want a deal that covers just one aspect, but rather a larger deal that includes other matters. Instead of focusing solely on the fentanyl deal, China aims to negotiate a broader agreement with Trump that would set the tone for bilateral relations between the two countries. The American newspaper also mentioned that China may be looking to resume the first phase of the bilateral trade deal with the Trump administration.
