Although the odds of a US-China trade deal have grown, at least some US tariffs could remain in place as part of a broad pact, according to Goldman Sachs.
Analysts at the investment bank predict some tariffs on Chinese imports will last into 2020, and the US could remove the levies “as various commitments under the agreement have been met.”
“In addition to longer-term reforms involving intellectual property and technology transfer, the White House also appears intent on shrinking the bilateral trade deficit with China in the near-term, potentially through purchase commitments,” Goldman Sachs said in a note to clients late Sunday.
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