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U.S., China agree to roll back tariffs in phase one trade deal - U.S. official

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By Reuters
U.S., China agree to roll back tariffs in phase one trade deal - U.S. official
FILE PHOTO: A 100 yuan banknote (R) is placed next to a $100 banknote in this picture illustration taken in Beijing November 7, 2010. REUTERS/Petar Kujundzic   -   Copyright  Petar Kudjundzic(Reuters)

WASHINGTON (Reuters) – The United States and China have agreed to roll back tariffs as part of the first phase of a trade deal between the world’s two biggest economies, a U.S. official confirmed on Thursday.

(Reporting by Jeff Mason; Editing by Chizu Nomiyama)