During this period us auto imports will be subject to

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During this period, US auto imports will be subject to China’s standard 15 percent tariff rate on foreign autos. The suspension of these tariffs will affect 144 auto products as well as 67 auto-parts and marks the first concrete concession since the 90-day trade war truce made at the G20 Buenos Aires Leaders’ Summit. The official announcement can be found here . China also resumes its purchase of US-soybeans, with reports showing that a large purchase of 1.5 million tons of beans was made. In July 2018, China stopped purchasing US-produced soybeans in retaliation to US- tariffs on Chinese imports, marking the beginnings of the trade war as we know it. Day 150: December 2, 2018 – US and China agree to temporary truce The US and China agree to a temporary truce to de-escalate trade tensions, following a working dinner at the G20 Summit in Buenos Aires on December 1, 2018. According to the agreement, both the US and China will refrain from increasing tariffs or imposing new tariffs for 90 days (until March 1, 2019), as the two sides work towards a larger trade deal. More specifically, the US will refrain from increasing the tariffs described in List 3 that were slated to increase from 10 percent to 25 percent on January 1, 2019, and will not impose previously threatened tariffs on an additional US$267 billion worth of Chinese goods. For its part, China will purchase more US products – especially agricultural and energy products – and will crack down on the production and distribution of Fentanyl, a synthetic opioid produced primarily in China. The official US statement can be found here . The official Chinese statement can be found here . Day 137: November 19, 2018 – US releases list of proposed export controls on emerging technologies
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The US Bureau of Industry and Security (BIS) publishes proposed export control rules on emerging technologies for public comment. According to the proposed rules, emerging technologies such as artificial intelligence (AI), robotics, and quantum computing could be subject to export controls because they are dual-use technologies that could be used for military purposes. The rules do not specify China, but are widely considered by observers to be related to US efforts to prevent China from acquiring sensitive technologies. RELATED SERVICES TARIFF AND SUPPLY CHAIN ENGINEERING SERVICES Day 127: November 9, 2018 – US and China resume trade talks The US and China reportedly resume trade talks, via a phone call between US Treasury Secretary Steve Mnuchin and Chinese Vice Premier Liu He. According to the report, the two sides discussed a framework for a trade deal, or at least a “ceasefire” to reduce tensions. Day 117: October 30, 2018 – US reportedly prepared to announce tariffs on remaining Chinese products The US is reportedly prepared to announce tariffs on all remaining Chinese products by early December if talks between Trump and Xi at the G20 in Argentina are not successful. Based off trade figures from 2017, that would mean new tariffs on about US$257 worth of Chinese goods. If announced in early December, the tariffs would
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