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China, US agree to mutually lift tariffs proportionally, know more

International   |   Glibs Quick   |   Nov 07, 2019, 18:35 PM

In what could be of much respite to China, it is now said that China and US agree to proportionally roll back tariffs on each other’s goods in phases. The Chinese Commerce Ministry also set pre-condition that a comprehensive trade agreement can only be signed under a condition that all tariffs are removed proportionally.  

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