Tariffs must go for phase 1 agreement
Print Edition
CHINA’S Ministry of Commerce said yesterday that if China and the US reach a phase one trade agreement, the tariffs should be reduced.
Both sides are maintaining close communication, ministry spokesperson Gao Feng told reporters.
Moreover, China’s foreign ministry spokesperson Hua Chunying said that China’s stance has always been very clear: trade war is a loss-loss situation. She said it’s to the interest and expectations of people from both countries and the international society that China and the US reach a deal based on mutual respect and consultation.
Investors are closely looking for any signs of progress on a phase one trade deal, especially as the December 15 deadline is approaching.
The US trade representative in August postponed imposition of additional tariffs on some Chinese goods, including cell phones and laptops, until mid-December.
US stocks closed on a low note on Tuesday amid trade uncertainties, as the S&P 500 Index fell the most in almost eight weeks while most of the 30 Dow components traded in red territory.
US President Donald Trump announced on Monday that he will “restore” tariffs on steel and aluminum imported from Brazil and Argentina.
Washington’s threat to hit French products with tariffs over a taxation dispute concerning large US tech companies also fueled the stock market turmoil. Later on, France’s finance minister said the EU was ready to retaliate.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
