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Top officials from the U.S. and China held a phone call late Thursday Eastern time to discuss trade matters including the “phase one” deal that was signed in January.

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U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbreak.

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THE TRUMP administration is said to be trying to avoid reducing tariffs on medical imports from China amid the coronavirus pandemic.

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Throughout his campaign and the early years of his presidency, Donald Trump promised to fundamentally reshape US–China trade policy. The conclusion of the ‘phase one’ trade deal, agreed to by the two countries in mid-January, provides an opportunity to assess what has been achieved so far.

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President Donald Trump’s phase one deal could move the world closer to free trade and ultimately save the World Trade Organization.

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The U.S. goods will be exempt for one year starting Feb. 28

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The US forcibly tying Chinese import requirements to the trade deal risks violating global trading rules, distorting and diverting world trade, says an observer.

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China, together with some other countries, has been removed from the United States' list of 'developing' nations and considered as a 'developed' country when it comes to international trade, according to a recent notice issued by the Office of the US Trade Representative (USTR).

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Falling one place to 11th in the global index of emerging logistics markets, Vietnam was still seen as a clear winner in the US-China trade war.

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China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States.

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