Ahead of finalizing and signing the Phase 1 trade deal, China is increasing its pressure on the US to cancel some of its most recently imposed tariffs on its imports. While both countries actively explore possible locations where their Presidents can meet for signing the deal, positive comments about negotiations making progress are giving rise to reports that a new set of tariff exemptions are in consideration on the US side.

According to sources, China is keen to have the 15% tariffs on around $125 billion of its imports imposed since September to be called off. In addition, China is also interested in the removal of the 25% tariffs imposed on another $250 billion worth of its imports.

Speaking at an event earlier today, Chinese President Xi Jinping called for removal of global trade barriers. Xi also spoke about opening up China’s economy to international players even as it strengthened its mechanisms to protect IP.

US President Donald Trump has extended an invitation to his Chinese counterpart to consider signing the deal in the US. According to a report on Bloomberg, China is in the process of reviewing possible locations in the US where the interim trade deal could be signed as part of Xi’s state visit.