KONTAN.CO.ID - BEIJING. China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in different phases, the Chinese commerce ministry said on Thursday. China and the United States 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. The tariff cancellation is an important condition for there to be any agreement, he said at a regular press briefing.
China says have agreed with US to cancel tariffs in different phases
KONTAN.CO.ID - BEIJING. China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in different phases, the Chinese commerce ministry said on Thursday. China and the United States 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. The tariff cancellation is an important condition for there to be any agreement, he said at a regular press briefing.