Economics

Trump Retreated From China Tariffs Because of White House Discord, Sources Say

  • Negotiations on North Korea weapons loomed over China talks
  • Farm-state Republicans pressed for deal to avoid retaliation
Bannon says U.S. can’t let China "rape Silicon Valley." Bloomberg’s Stephanie Baker reports.Source: Bloomberg
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President Donald Trump retreated from imposing tariffs on billions of dollars worth of Chinese goods because of White House discord over trade strategy and concern about harming negotiations with North Korea, according to people briefed on the administration’s deliberations.

Trump also succumbed to pressure from farm-state Republicans, who heavily lobbied the White House to resolve its trade differences with China, which had especially targeted U.S. agricultural products with planned retaliatory tariffs.