Thursday, October 17, 2019

SCMP: "China reiterates US must lift all tariffs to end trade war, but Beijing open to partial interim deal, spokesman says"

It appears both sides are a bit concerned that things could get seriously bad if the tit-for-tat roadmap is followed much further.
From the South China Morning Post, October 17:
  • Ministry of Commerce confirms trade tensions will only end when ‘all additional tariffs’ are lifted from Chinese products
  • Negotiating teams are working on the ‘phase one’ deal agreed last week in Washington for Donald Trump and Xi Jinping to sign next month in Chile
China’s ultimate condition for ending the trade war with the United States is that Washington should lift all tariffs levied on Chinese products since July last year, although Beijing is still open to a partial trade deal under the current conditions, China’s Ministry of Commerce said on Thursday.
"The ultimate goal for the negotiations between the two sides is to end the trade war, cancel all additional tariffs. This is good for China, good for the US and good for the whole world,” said ministry spokesman Gao Feng.

However, China is willing to reach a partial deal with the US that would include “progress in the direction of cancelling all tariffs” imposed during the the trade war, which has roiled the global economy for the last 15 months, Gao added.
Gao said that China will continue to increase purchases of US farm products as part of the “phase one” trade deal tentatively agreed during last week’s talks in Washington, with Gao also confirming that the negotiation teams from both sides have maintained “close communications” as they work towards finalising the partial deal....MORE
Also at the SCMP:
October 15
China’s economy cause of growing concern in Beijing as US-China trade war takes toll on growth
October 16 
US fears over economic damage from further tariffs on China accelerated mini-deal, says Trump’s ex-trade adviser