China hopes for phased trade pact with US as early as possible.

BEIJING -- China hopes to reach a phased agreement in a protracted trade dispute with the United States and cancel tariffs as soon as possible, the Commerce Ministry said on Thursday, adding that trade wars had no winners. A phased agreement would help restore market confidence and reduce uncertainty, ministry spokesman Gao Feng told reporters, adding that both sides were maintaining close communication. 'The final goal of both sides' negotiations is to end the trade war and cancel all additional tariffs,' Gao said. 'This would benefit China, the US and the whole world. We hope that both sides will continue to work together, advance negotiations, and...