“The Chinese side believes that if the two sides reach the first phase of a trade agreement, it is necessary to reduce duties accordingly,” TASS quoted him as saying.
According to him, the American and Chinese sides continue to consult on a trade deal.
“The trade and economic delegations of the two countries continue close contacts, at present there are no new details that can be made public,” the agency’s representative added.
Earlier, President of the United States Donald Trump ruled out the possibility of a trade deal with China on equal terms.
On November 13, the American leader threatened "very significantly" to increase duties on Chinese goods in case of cancellation of the trade agreement with Beijing.
An expert Nikolai Troshin in an interview with FBA “Economics Today” evaluated the US plans in case of cancellation of a trade deal with China, noting that threats can hardly be called a productive way of dialogue with Beijing.