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China's Xi says wants to work out 'phase one' trade deal with U.S.

Reuters India Friday, 22 November 2019 ()
China wants to work out an initial trade agreement with the United States and has been trying to avoid a trade war, but it is not afraid to retaliate when necessary, President Xi Jinping said on Friday.
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News video: Without a China trade deal, U.S. will hike tariffs: Trump

Without a China trade deal, U.S. will hike tariffs: Trump 00:44

U.S. President Donald Trump said on Tuesday that he would raise tariffs on imports of Chinese goods if no trade deal is reached with Beijing to end a tit-for-tat trade war that has roiled markets and damaged growth worldwide.

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