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Washington and Beijing agree to retract existing tariffs
Washington and Beijing had both agreed to retract existing tariffs on each sides’ goods on Friday.
Gao Feng, spokesperson for China’s Commerce Ministry said that “both sides should undo existing additional tariffs in the same proportion to reach phase one deal, and that is an important condition for signing a preliminary agreement.”
He added that the two sides were still negotiating on how much of the tariffs should be removed.
Gao’s comments were echoed with White House spokeswoman Stephanie Grisham and said that the Trump administration is “very optimistic” that the two sides would “reach a deal soon.”
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
June had seen Japan’s exports recording a double-digit decline for four consecutive months. This suggests that the novel coronavirus pandemic tipped the world’s third-largest economy into its sharpest postwar slump, highlighting ...
KYC Policy