After Trump and Xi agreed at the G20 to revive negoti­ations­BEIJING: US tariffs against China must be lifted for the two sides to reach a deal to end the trade war, the Chinese commerce ministry said on Thursday. Trade teams from the world’s top two economies “have maintained communication”, ministry spokesperson Gao Feng said, days after presidents Donald Trump and Xi Jinping announced a truce. Xi, Trump add confidence to global markets“The United States’ unilateral tariff increase on China’s exports to the United States is the starting point for the Sino-US economic and trade frictions,” Gao said at a weekly press briefing. “If the two sides can reach an agreement, the tariffs imposed must be completely eliminated. The countries have exchanged tariffs on $360 billion in two-way trade and negotiations broke down in May after the United States accused China of reneging on its commitments.

Source: The Express Tribune July 04, 2019 11:03 UTC