Global Times: China wants to eliminate tariffs in the first phase of a trade agreement with America
Economy News _ Baghdad
BEIJING (Reuters) - Beijing insists tariff cuts should be part of the first phase of a trade deal with Washington amid continuing uncertainty over whether the two sides can reach a deal, the China Times reported on Monday, citing unnamed sources.
"The states' pledge to abolish tariffs, set for Dec. 15, cannot replace the retreat of tariffs," said the Global Times, published by the official People's Daily, a spokesman for the ruling Communist Party of China (CPC).
US President Donald Trump said Washington was in the "final throes" of an agreement aimed at ending the 16-month-old trade war with China, a few days after Chinese President Xi Jinping expressed a desire for a trade deal.
Senior trade negotiators from the two countries also held talks again and agreed to work to resolve the remaining issues.
Experts and sources close to the White House told Reuters last month that the initial deal could not happen until the start of the new year as China presses for a drop in large-scale tariffs.
The agreement was originally scheduled to be signed at the end of November.