China Repeats US Must Reduce Tariffs For "Phase One" Trade Deal | WHAT REALLY HAPPENED

China Repeats US Must Reduce Tariffs For "Phase One" Trade Deal

Chinese Ministry of Commerce spokesman Gao Feng confirmed to reporters on Thursday what the Global Times had already leaked previously, namely that tariffs must be reduced by the US to reach a phase one trade deal, reported Reuters.

"The Chinese side believes that if the two sides reach a phase one deal, tariffs should be lowered accordingly," Feng told reporters.

His comments were a reiteration of Beijing's hard stance of tariff rollbacks in the last month or no phase one trade deal. Feng said both trade teams are in communication, but didn't say if the trade talks were going well.

Webmaster's Commentary: 

I would like to hope, for the sake of US farmers who are hurting immeasurably right now, financially, that some degree of "flexibility" can be found on the US side, to create a trade deal.

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