MoC: China, U.S. agree to roll back tariffs in phases

China and the U.S. have agreed to roll back tariffs on each other’s goods in phases “at the same time” and “by the same degree” as part of the “phase one” trade deal if it is to be reached, Gao Feng, spokesman of China’s Ministry of Commerce (MoC) confirmed at the press conference in Beijing on November 7.
“This is the key condition for the two parties to reach the first-stage agreement,” he said explicitly at the press conference. “The trade war started from imposition of tariffs and it should end by the removal of the tariffs,” Gao stated, reiterating China’s stance on the matter all along. The two countries’


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