US President Donald Trump said he has not agreed to roll back tariffs on Chinese imports, dampening recent optimism for a major de-escalation in the US-China trade war.<\/p>\n\n\n\n
Amid a steady stream of conflicting reports, Trump’s remarks appeared to push back against Beijing’s claims that the two sides had agreed to remove tariffs in stages as part of a partial deal announced last month. Hopes for progress in defusing trade tensions have driven global stocks higher this month, since an agreement would remove a major source of uncertainty in the world economy that is undercutting growth. But Trump again portrayed the dispute as a boon for the United States despite the tariffs paid by American companies and consumers.<\/p>\n\n\n\n
“They would like to have a rollback. I haven’t agreed to anything,” Trump told reporters at the White House. “China would like to get somewhat of a rollback, not a complete rollback, because they know I won’t do it.”Beijing, however, said this week the two sides had already agreed to mutual tariff reductions.<\/p>\n\n\n\n
Commerce Ministry spokesman Gao Feng announced on Thursday that negotiators “agreed to roll back the additional tariffs in stages, as progress is made towards a agreement.”<\/p>\n\n\n\n
The United States and China have imposed steep tariffs on hundreds of billions of dollars in two-way trade, and another round of US duties are set to hit on December 15 on USD 160 billion in Chinese goods.<\/p>\n","protected":false},"excerpt":{"rendered":"
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