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China says it reached phase-one trade deal with US, tariffs to be removed in stages


China and the US have agreed on the text of a phase one trade deal, which will see tariffs on Chinese goods rolled back in phases, said Chinese officials at at a press conference late Friday.

China will increase imports of high-quality goods and services from the US as part of the deal and the US will remove the punitive tariffs on Chinese goods in stages, Vice Commerce Minister Wang Shouwen said.

“The deal . . .

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