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12/4, 10:14 AM (Source: TeleTrader)
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US, China close to agreeing on tariff rollback - report

The United States and China are moving closer to agreeing on the number of tariffs that will be rolled back as a part of the "phase one" trade agreement, media reported on Wednesday.

The negotiators are making progress despite tensions that arose in relation to the protests in Hong Kong and Xinjiang crisis, people close to the matter told Bloomberg.

Yesterday, US officials warned new tariffs will be implemented on December 15 unless "substantive progress in talks" is made.

Breaking the News / MD