China says Beijing, Washington to lift tariff hikes as talks advance

US Commerce Secretary Wilbur Ross said earlier this week that any Phase 1 agreement would be general and cover trade in specific areas such as soybeans and liquefied natural gas. More complicated issues would be tackled in later rounds of negotiations, he said.

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Presidents Donald Trump and Xi Jinping agreed last month to resume trade talks aimed at resolving a more than year-long dispute over technology and industrial policy. As part of that truce, they halted further tariff hikes. (Photo: AP)

Washington and Beijing have agreed to gradually cancel tariff hikes as their trade negotiations progress, a Chinese Commerce Ministry spokesman said Thursday. Gao Feng, the Commerce Ministry spokesman, said Thursday that envoys had “agreed to a phased cancellation of tariff increases depending on the progress of negotiations.”