The Chinese Ministry of Commerce recently announced that China and the USA have agreed to bring an end to additional custom tariffs. Both parties are working hard to reach a temporary trade agreement. Gao Feng, spokesperson for the Ministry of Industry and Information Technology, stated that China and the USA have engaged in serious, extensive negotiations in the last two weeks to bring an end to the Sino-US trade war. This agreement will help to stabilize the global economy.
A spokesperson for the Ministry of Commerce added that if both parties can reach an agreement, they will simultaneously begin to abolish the additional custom tariffs. Neither the Chinese nor the US government have announced details of this agreement to the public.