Issued on: Modified:
China said on Thursday it will halve additional tariffs levied against 1,717 products imported from the United States last year, following the signing of a Phase 1 trade deal that brought a truce to a bruising trade war.
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China's finance ministry said in a statement that tariff reductions for the relevant goods, which were initially announced on Sept. 1, will take effect from 0501 GMT on Feb. 14.
The reductions come about three weeks after the two countries signed the Phase 1 trade deal in Washington, which included China's promise to boost purchases of U.S. goods and services by $200 billion over two years in exchange for the United States rolling back some tariffs imposed against Chinese goods.
China's finance ministry said in a statement that additional tariffs levied on some goods will be cut to 5% from 10% previously, while extra tariffs on some goods will be lowered to 2.5% from 5% previously. TheRead More – Source
Issued on: Modified:
China said on Thursday it will halve additional tariffs levied against 1,717 products imported from the United States last year, following the signing of a Phase 1 trade deal that brought a truce to a bruising trade war.
Advertising
Read more
China's finance ministry said in a statement that tariff reductions for the relevant goods, which were initially announced on Sept. 1, will take effect from 0501 GMT on Feb. 14.
The reductions come about three weeks after the two countries signed the Phase 1 trade deal in Washington, which included China's promise to boost purchases of U.S. goods and services by $200 billion over two years in exchange for the United States rolling back some tariffs imposed against Chinese goods.
China's finance ministry said in a statement that additional tariffs levied on some goods will be cut to 5% from 10% previously, while extra tariffs on some goods will be lowered to 2.5% from 5% previously. TheRead More – Source
