China says holds rigorous talk with US as Trump kept traders on their toes


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China says holds rigorous talk with US as Trump kept traders on their toes

On Thursday, the 14th of November 2019, the Chinese Commerce Ministry had issued a statement saying that both Beijing and Washington were engaged in an “in-depth” discussion over reaching a “Phase One” trade deal adding that a suspension of existing tariffs in phases had been an inevitable condition to reach an agreement.

In point of fact, latest comments from the Chinese Commerce Department came forth at a time, while US President Donald Trump’s latest remarks on Tuesday (November 12th) had spurred worries on the money markets and kept millions of investors on their toes.

Trump said on Tuesday (November 12th) that a trade deal with Chine might have been “close,” but had a deal been on the cards, it must be on US terms, reiterating China had still been stealing from the United States.

Meanwhile, contradicting Trump’s proposal, who disagreed to a tariff roll-back earlier this week, Chinese Commerce Ministry Spokesman Gao Feng said in a regular press briefing on Thursday (November 12th), “China has emphasized many times that the trade war began with additional tariffs and should end with the cancellation of additional tariffs,” adding that the magnitude of tariff suspension would reflect the significance of a Sino-US “Phase One” trade accord.