BEIJING, Nov 7 (Reuters) - China and america should concurrently cancel some present tariffs on one
BEIJING, Nov 7 (Reuters) – China and america should concurrently cancel some present tariffs on one another’s items for each side to succeed in a “part one” commerce deal, the Chinese language commerce ministry stated on Thursday.
The proportion of tariffs cancelled have to be the identical, and the way a lot tariffs must be cancelled will be negotiated, stated Gao Feng, spokesman on the commerce ministry.
Each side have agreed up to now two weeks to cancel the extra tariffs imposed throughout their months-long commerce warfare in several phases, Gao stated.
(Reporting by Yawen Chen and Martin Pollard; Writing by Ryan Woo; Modifying by Kim Coghill)
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