12/1/2019, 4:01 AM (Source: TeleTrader)
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Beijing insists on tariff rollback as part of phase one deal - report

China is relentless in its demand that the United States rolls back tariffs on Chinese imports as part of the long-awaited phase one trade deal, the Global Times reported citing sources.

"A US pledge to scrap tariffs scheduled for December 15 cannot replace the rollbacks of tariffs," the media outlet close to the Chinese government said.

Although the US and China remain close to the signing of the phase one deal trade deal, new tensions between the two countries arose over the protests in Hong Kong. US President Donald Trump infuriated Beijing by signing into law a bill that backs the Hong Kong protesters.

Breaking the News / JC