“If the phase-one deal is signed, China and the U.S. should remove the same proportion of tariffs simultaneously based on the content of the deal,” Chinese Commerce Ministry spokesman Gao Feng said at a regular press briefing. “This is what [the two sides] agreed on following careful and constructive negotiations over the past two weeks,” he said. But there were conflicting reports from within the Trump administration as to whether there was a firm commitment to reduce tariffs. One U.S. official concurred that the two sides plan to roll back tariffs as part of an initial trade pact—which would indicate that reports this week that such a rollback was under consideration had progressed. Others disputed that a formal rollback plan had been agreed on. You may also likeUp Next Your browser does not support HTML5 video. Created with sketchtool.0:00 / 0:00 Beijing is giving Washington a concession in the […]