At a press conference held on November 7, Gao Feng, a spokesman for the Ministry of Commerce, revealed that over the past two weeks, the leaders of China and the United States had serious and constructive discussions on properly addressing their respective core concerns, and agreed to follow the agreement. progress, phased removal of additional tariffs.
Gao Feng believes that the cancellation of the additional tariffs imposed by the two sides according to the agreement will help stabilize market expectations, benefit the economies of China and the United States and the world economy, and benefit both producers and consumers.
Gao Feng emphasized that China’s position on the tariff issue is consistent and clear. The trade war started with the imposition of tariffs and should end with the cancellation of additional tariffs. As for how much to cancel in the first phase, it can be negotiated based on the content of the first phase agreement. The economic and trade teams of the two sides have maintained close communication. We hope that the two sides will work together to properly resolve each other’s core concerns on the basis of equality and mutual respect.
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