Summary
Tariffs must be cut if China and the United States are to reach an interim agreement on trade, the Chinese Commerce Ministry said Thursday, sticking to its stance that some U.S. tariffs must be rolled back for a phase 1 deal.
Wednesday, Trump said trade talks with China were going "very well," sounding more positive than his remarks the previous day that a deal might have to wait until after the 2020 U.S. presidential election.
On Nov. 7, Gao said China and the United States must simultaneously cancel some existing tariffs on each other's goods for both sides to reach a phase one trade deal, but how much tariffs should be canceled could be negotiated.
...