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US must scrap tariffs for trade deal
The US would have to cancel some of its tariffs on hundreds of billions of dollars worth of Chinese products before Beijing could agree to what has been billed by US officials as a phase-one trade accord, a former Chinese trade official said on Tuesday. The US is "very anxious' to reach a trade deal with China but Beijing won't agree if the US does not cancel some tariffs, Wei Jianguo, former vice minister of commerce, told the Global Times. Wei's comment came as some media reports suggested that the US is considering the removal of some tariffs on Chinese products to reach the phase-one agreement. Among the ... (full story)
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