U.S., China Will Cancel Tariffs in Stages: China’s Commerce Ministry

Global markets were lifted by news that the U.S. and China will rollback additional tariffs in stages as they work toward a “phase one” deal.

At a press conference reported on by the state-owned Global Times, China’s Ministry of Commerce spokesperson Gao Feng said the two countries canceling tariffs imposed on each other during the trade war is an important condition for any agreement between them. He added that this will…