Ministry of Commerce: the extent of tariff abolition should be jointly assessed by both parties and fully reflect the importance of the first phase of the agreement
Xinhua News Agency, Beijing, 14 Nov (Reporter Chen Weiwei and Wang Yuxiao) at a regular news conference held by the Ministry of Commerce on 14 November, a spokesman for the Ministry of Commerce, Gao Gao, said that the Chinese side has repeatedly stressed that the trade war begins with the imposition of tariffs. It should also be stopped by the abolition of the imposition of tariffs, which is an important condition for the two sides to reach an agreement. The abolition of tariffs is in the interests of producers and consumers, in the interests of China and the United States, and in the interests of the world, and is in the interests of both sides, not unilaterally.
Gao said that if the two sides reach the first stage agreement, the extent of tariff elimination should fully reflect the importance of the first stage agreement, and its importance should be measured by both sides. The two sides are having in-depth discussions on this issue. China is willing to make joint efforts with the United States to properly address each other's core concerns on the basis of equality and mutual respect, so as to create conditions for reaching the first phase of the agreement.