International
18:59 7 November 2019
Post by: WBJ

China and US to agree gradual withdrawal of duties

China and US to agree gradual withdrawal of duties
source: Piqsels

China and the US have agreed over the past two weeks that criminal and retaliatory duties imposed on mutual exports in the context of a trade war will be phased out, spokesman for trade department Gao Feng said on Thursday.

Gao added that in order to reach the ‘first phase’ of the trade agreement, both sides will have to withdraw some tariff increases at the same time.

“The trade war began with tariffs and should end with the tariff withdrawals," said Gao. However, he did not provide a schedule for the withdrawal of duties.

(PAP)


us
trade
china
duties

More News

lifestyle

LifeStyle
22 days ago

Robert Lewandowski to open his own restaurant in Browary Warszawskie

LifeStyle
2 months ago

First hotel in space to be built by 2025

Book of Lists

advertisement