China Says Beijing And U.S. Agreed To Lift Tariff Hikes As Trade Talks Proceed
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From the Left
China says Beijing, US to lift tariff hikes as talks advance
Beijing and Washington have agreed to reduce some punitive tariffs on each other’s goods as talks on ending their trade war progress, a Chinese spokesman said Thursday, removing a possible stumbling block to a settlement.
The agreement came during talks aimed at working out details of a “Phase 1” deal announced Oct. 12. Financial markets were rattled by reports China was pushing for tariffs to be lifted, which raised the possibility of a breakdown in talks.
Negotiators agreed to a “phased cancellation” of tariff hikes if talks progress, said a...
From the Left
China says tariffs will come down if trade deal reached with U.S. Beijing and Washington have agreed to reduce some punitive tariffs on each other's goods as talks on ending their trade war progress, a Chinese spokesman said Thursday, removing a possible stumbling block to a settlement.
The agreement came during talks aimed at working out details of a "Phase 1" deal announced Oct. 12. Financial markets were rattled by reports China was pushing for tariffs to be lifted, which raised the possibility of a breakdown in talks.
Negotiators agreed to a "phased cancellation" of tariff hikes if talks progress, said a...
From the Right
China says Beijing and US agreed to lift tariff hikes as trade talks proceed
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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