Chinese official: U.S., China have agreed to eliminate some tariffs in 'phase one'

The United States has agreed to eliminate some of the tariffs it has placed on roughly $360 billion worth of Chinese goods as part of a phase-one deal with China, a Ministry of Commerce spokesman said on Thursday. “In the past two weeks, the leaders of the two sides have conducted serious and constructive discussions on properly addressing their core concerns and agreed to cancel the tariff increase in stages with the progress of the agreement,” Gao Feng said a...