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.
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