China says US must cut tariffs in trade deal
China's government says the United States must roll back punitive tariffs on Chinese goods if the two sides reach a trade deal.
The comments Thursday by a Commerce Ministry spokesman indicated Beijing is sticking to its demand for a tariff cut as another a possible increase on Dec. 15 approaches with no agreement.
President Donald Trump announced a Phase 1 agreement in October but the two sides have yet to agree on details.
Ministry spokesman Gao Feng said, China believes that if the two parties reach a 'Phase 1,' tariffs should be reduced accordingly. Global financial markets tumbled this week after Trump cast doubt on whether an agreement can be reached this year.
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