ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Trade war

US and China agree to roll back tariffs, if deal is reached

London floated as summit venue instead of Iowa

A worker looks at a container box being lifted at a port in Ningbo, Zhejiang province, China.   © Reuters

BEIJING/WASHINGTON -- The U.S. and China both confirmed Thursday that tariffs will be rolled back as part of the first phase of a trade deal.

"In the past two weeks, the leaders of the two sides have conducted serious and constructive discussions on properly addressing their core concerns and agreed to cancel the tariff increase in stages with the progress of the agreement," Chinese Commerce Ministry spokesman Gao Feng said at a press conference.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more