A Chinese official said Thursday that Beijing and Washington have agreed to reduce tariffs amid trade negotiations, according to multiple reports, clearing a potential obstacle to a deal.

Gao Feng, a spokesman for the Chinese commerce military, told reporters that both countries are planning to cancel tariffs in different phases, Reuters reported.

The development comes as the two countries are negotiating the terms of a “Phase One” trade agreement.

ADVERTISEMENT

“If the two sides achieve a ‘Phase One’ agreement, then based on the content of that agreement, tariffs already increased should be canceled at the same time and by the same rate,” the official said, according to The Associated Press.

He added that the extent of tariff reductions depends on the negotiations.

“The trade war started with tariffs, and should end with the cancellation of tariffs,” Gao said, Reuters noted. 

President TrumpDonald John TrumpBiden allies see boost in Tuesday’s election results Sanders vows to end Trump’s policies as he unveils immigration proposal Republicans warn election results are ‘wake-up call’ for Trump MORE has announced that China has agreed to buy up to $50 billion in U.S. agricultural goods, but China has not confirmed the amount.

Beijing has also indicated it wants the 15 percent tariffs put on $125 billion Chinese products in September removed before an official agreement, according to the AP. 

China and the U.S. have been immersed in a trade war for more than a year, raising tariffs against one another.

Click Here: cheap kanken backpack

Secretary of Commerce Wilbur RossWilbur Louis RossIncome for poorest Americans fell faster than previously thought: study On The Money: Dow hits record high | Optimism on trade deal lifts markets | Appeals court upholds NY prosecutors’ subpoena for Trump tax return Dow hits new record high MORE has said “Phase One” of the agreement would be agreed upon this month.