China Says Agreed With US To Remove Tariffs As Trade Deal Progresses5Photo© firstpost.com

China Says Agreed With US To Remove Tariffs As Trade Deal Progresses

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China and the United States have agreed a plan to remove tariffs imposed on two-way goods in stages, the commerce ministry said Thursday, as negotiators try to hammer out a trade deal.

The two sides have been embroiled in a bruising trade war for more than a year, and have slapped punitive tariffs on hundreds-of-billions-of-dollars-worth of two-way trade.

But there has been growing hope that they are close to reaching a mini agreement as part of a wider deal.