China Says Beijing And U.S. Agreed To Lift Tariff Hikes As Trade Talks Proceed

Headline Roundup November 7th, 2019

China and the U.S. have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said on Thursday, without specifying a timetable.

Overseas financial markets rose on the signs of progress on a trade deal, while U.S. stock futures pointed to a strong opening.

China Says Beijing And U.S. Agreed To Lift Tariff Hikes As Trade Talks Proceed

From the Center
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Trade, China, tariffs, United States

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...

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From the Left
6497

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...

Read full story
From the Right
6497
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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