China and the United States have held serious and constructive discussions over the past two weeks on how to properly address their respective core concerns and agreed to phase out tariff increases as the agreement progresses, said gao feng, spokesman of the Ministry of Commerce. If the two sides reach a first-phase agreement, they should cancel the tariff increases at the same rate as the content of the agreement, which is an important condition for reaching an agreement, gao said. Gao feng said that China's position on the tariff issue is consistent and clear. The trade war started with the imposition of tariffs and should end with the cancellation of the imposition of tariffs. The amount of cancellation in the first phase can be determined according to the content of the first phase agreement. Gao feng believes that the removal of additional tariffs as agreed between the two sides will help stabilize market expectations, benefit the economies of China, the United States and the world, and benefit both producers and consumers. （From LGMI)