China, U.S. attempt to reach preliminary trade agreement

2019-11-14 Editor : Li Yan ECNS App Download

China and the United States are in the midst of conducting in-depth discussions on the significance of the phase-one trade pact, and rolling back tariffs is a key condition to reach the deal, the Ministry of Commerce said on Thursday.

If both sides could reach a preliminary agreement, the degree of tariff removals should fully reflect the importance of the agreement, ministry spokesman Gao Feng said at a weekly briefing.

"The importance of the deal should be measured by both parties, and as such, both sides are holding in-depth discussions on the deal," Gao said.

The trade conflict began because of additional tariffs, so a truce should be reached through tariff elimination, he added.


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