China says Beijing, US to end tariff hikes as talks progress

BEIJING (AP) — China’s Commerce Ministry says Washington and Beijing have agreed to cancel tariff hikes as their trade negotiations progress.

Gao Feng, the Commerce Ministry spokesman, said Thursday that envoys had “agreed to a phased cancellation of tariff increases depending on the progress of negotiations.”

He told reporters that if both sides reach a first phase agreement, then based on that deal they will cancel already imposed tariffs proportionately.

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