Beijing, China — China expects the U.S. to roll back some tariffs on its exports as part of a trade deal, an official newspaper said Monday, reiterating Beijing’s insistence that President Donald Trump’s administration be “flexible” and “reasonable.”
The Communist Party newspaper Global Times ran several articles Monday that emphasized there would be no deal without a promise to phase out the tariffs imposed by Washington.
It cited officials saying that China will buy American farm products and the amount “could be substantial, but it cannot promise a specific number in the deal because the amount must be based on market demands.”
The comments come amid negotiations on a preliminary “Phase 1” agreement aimed at resolving the 18-month-old tariff war between the two largest economies.
“Rolling back tariffs is a must. The China-U.S. trade war (was) instigated by the U.S. with tariffs, so the tariffs have to be cut first,” the newspaper quoted Wei Jianguo, a former Chinese commerce minister as saying.