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 . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In