China presses US to cancel tariffs


Source: thedailystar.net thedailystar.net

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China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries' top trade officials that Washington saw as a test of bilateral engagement between the world's biggest economies. The virtual talks between US Trade Representative Katherine Tai and China's Vice Premier Liu He follow Tai's announcement on Monday that she would seek "frank" talks and hold China to its commitments under a "Phase 1" trade deal negotiated by former President Donald Trump. "The Chinese side negotiated over the cancellation of tariffs and sanctions, and clarified its position on China's economic development model and industrial...