(New York)

In what comes as a very encouraging sign in the trade war, Washington is considering dropping some tariffs on Beijing as part of an effort to close a deal with China. The Trump administration is reportedly debating whether to drop $112 bn worth of tariffs. That said, the White House would be expecting something in return. The potential cut in tariffs follows the cancellation of a new $250 bn+ tariff package.

FINSUM: Both sides making concessions is the key to a solid deal. We find this encouraging.