Cargo ships are seen sending out containers at Guoyuan Port in Chongqing, China on January 11, 2025. - Photo: AFP
CHINA's initial proposal to tariffs imposed by U.S. President Donald Trump's administration will centre on restoring the "Phase 1" trade deal signed in 2020 during Trump's first term, the Wall Street Journal reported, citing sources.
Other parts of China's plan will include a pledge to not devalue the yuan, an offer to make more investments in the U.S and a commitment to reduce exports of fentanyl precursors, according to the WSJ report.
