China says Beijing and US agreed to lift tariff hikes as trade talks proceed

Posted on AllSides November 7th, 2019
From The Right
Trade, China, tariffs, United States

China’s Commerce Ministry said Thursday that Beijing and Washington have agreed in principle to roll back existing tariffs in phases if trade talks between the two countries move forward.

Ministry spokesman Gao Feng said both sides had agreed to simultaneously cancel some tariffs on each other’s goods, CNBC reported, citing the Chinese state broadcaster.

Both sides were closer to a so-called “phase one” trade agreement after constructive negotiations over the past two weeks, he added.

“If the two sides achieve a ‘Phase 1’ agreement, then based on the content of...

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https://nypost.com/2019/11/07/china-says-beijing-and-us-agreed-to-lift-tariff-hikes-as-trade-talks-proceed/

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