China said the two countries have now agreed to lift tariffs in stages as part of the Phase One Trade Deal now being negotiated, fulfilling a key objective of China in the talks. While specifics haven’t been worked out, the general framework is that the two sides will “remove the same proportion of tariffs simultaneously based on the content of the deal,” a high Chinese official said, adding that the two sides had agreed on this point.

The staging of the tariff rollbacks will be critical to sporting goods interests, since the vast majority of its products are already being hit ... Log in to view full article.