Market sentiments are once again lifted by upbeat news regarding US-China trade negotiations, as China said they’ve agreed with the US on a plan to reverse the tariffs imposed.
China Ministry of Commerce spokesman Gao Feng said, at a regular press briefing, “in the past two weeks, top negotiators had serious, constructive discussions and agreed to remove the additional tariffs in phases as progress is made on the agreement,” spokesman Gao Feng said Thursday..
“If China, U.S. reach a phase-one deal, both sides should roll back existing additional tariffs in the same proportion simultaneously based on the content of the agreement, which is an important condition for reaching the agreement.”
