The U.S. will phase out China tariffs, Beijing officials say
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BEIJING/WASHINGTON (Reuters) - The United States has agreed to phase out tariffs on Chinese goods, Chinese officials said at a press conference in Beijing Friday evening. The two countries have achieved major progress in their phase one trade negotiations, Beijing officials said, and agreed on the text of a phase one deal. The deal will provide more protection for foreign companies in China, and Chinese companies in the United States, Chinese officials said. U.S. sources said Thursday that..