Washington and Beijing agree to retract existing tariffs
Washington and Beijing had both agreed to retract existing tariffs on each sides’ goods on Friday.
Gao Feng, spokesperson for China’s Commerce Ministry said that “both sides should undo existing additional tariffs in the same proportion to reach phase one deal, and that is an important condition for signing a preliminary agreement.”
He added that the two sides were still negotiating on how much of the tariffs should be removed.
Gao’s comments were echoed with White House spokeswoman Stephanie Grisham and said that the Trump administration is “very optimistic” that the two sides would “reach a deal soon.”
Stocks and oil gain despite rising coronavirus cases25.06.2020
Deal reached by Lufthansa and cabin crew unions22.06.2020
Gold prices rise amid rising COVID-19 cases and Hong Kong national security laws announcement18.06.2020
Dollar and yen rise on risk-off mood due to virus and economic worries