NEWS： China's Ministry of Commerce said the rate of tariff cancellation
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A spokesman for the Ministry of Commerce Gao Feng said Thursday that the cancellation of the tariff increase is an important condition for the agreement between China and the United States. If the two sides reach the first stage agreement, the cancellation range of the tariff should fully reflect the importance of the first stage agreement, which should be measured by the joint efforts of both sides. The two sides are in-depth discussion on this.
He said at the regular press conference of the Ministry of commerce that China is willing to work with the US side to properly address each other's core concerns on the basis of equality and mutual respect and create conditions for reaching the first phase agreement.
"It's in the interests of both producers and consumers, not just one side, to eliminate the tariff increase," Gaofeng said.
U.S. President trump boasted of his government's economic achievements in a campaign rallying speech on Tuesday, using a "quick" preliminary trade agreement with China to whet people's appetite, but keeping quiet about new details of the negotiations. But he later threatened to raise tariffs on Chinese exports if the two world's largest economies failed to reach a trade agreement.
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