Techlife News - USA (2019-11-16)

(Antfer) #1
China pressed Washington on Thursday to roll
back punitive tariffs in a tentative trade deal.
A tariff cut is an “important condition” for the
agreement that is part of talks on ending a costly
trade war, said Commerce Ministry spokesman
Gao Feng.
Beijing said last week American negotiators
agreed to roll back penalties imposed in
September on $112 billion of Chinese imports
if an agreement goes ahead. President Donald
Trump dismissed that a day later, jolting global
financial markets.
Trump postponed a planned tariff hike on $250
billion of Chinese goods after announcing the
“Phase 1” agreement Oct. 12. Negotiators have
been working on the details of the agreement
since then.

CHINA PRESSES WASHINGTON FOR TARIFF CUT IN TRADE DEAL
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