Potential US-China trade deal could roll back tariffs

Potential US-China trade deal could roll back tariffs
The US and China have reportedly agreed to remove tariffs as part of any new trade deal, BBC reported.

According to details, there are reports of US and China signing a pact soon which would put an end to a trade fight that has disrupted the global economy.

The officials have not revealed the date of signing as yet.

Reportedly, China had been pressing the US to remove tariffs on its goods as part of any deal.

Since last year, the US and China have imposed tariffs on each others’ goods, worth billions of dollars.

This seriously disrupted the trade and eventually led the two countries to start dialogue and strike an agreement.

The International Monetary Fund estimates that the US-China trade war will shave almost a percentage point off of global growth this year.