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U.S., China Working Towards Removing All Tariffs
USAgNet - 12/03/2018

China's foreign ministry said on Monday that the Chinese and U.S. presidents instructed their economic teams to work towards removing all tariffs, following a meeting in Argentina where the two leaders agreed to a truce in their trade war.

Reuters reports that Ministry Spokesman Geng Shuang made the comment at a daily news briefing in Beijing.

The White House said President Trump told Chinese president Xi Jinping during high-stakes talks in Argentina that he would not boost tariffs on $200 billion of Chinese goods to 25 percent on January 1 as previously announced.

Beijing for its part agreed to buy an unspecified but “very substantial” amount of agricultural, energy, industrial and other products, the White House said in a statement. If no deal was reached within 90 days, both parties agreed that the 10 percent tariffs would be raised to 25 percent.

Over dinner Xi and Trump agreed to start talks on the U.S.'s key complaints about China, and said they would “immediately” start talks on structural changes related to forced technology transfers, intellectual property protection, non-tariff barriers, cybersecurity, services and agriculture.

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