Chinese Commerce Ministry: China And US Have Agreed To Cancel Existing Tariffs In Different Phases -If China And US Reaches Phase 1 Trade Deal, Both Sides Must Cancel Existing Tariffs At The Same Time, With The Same Proportion Based On Agreement
Chinese Commerce Ministry: We Remains In Close Communication With The US; Hope Both Sides Appropriately Address Each Others Concerns
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China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in phases, the Chinese commerce ministry said on Thursday.
China and the US must simultaneously cancel some tariffs on each other’s goods for both sides to reach a “phase one” trade deal, said Gao Feng, spokesman at the commerce ministry.
