China to halve retaliatory tariffs on hundreds of US goods worth about $75 billion

Retaliatory duties on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, according to a statement from China's Ministry of Finance. The adjustments will take effect from 1:01 p.m on Feb. 14, it said, without specifying which time zone it was referring to.

Retaliatory tariffs on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, according to a statement from China's Ministry of Finance. The adjustments will take effect from 1:01 p.m on Feb. 14, it said, without specifying which time zone it was referring to. The statement on the Ministry of Finance website said the move was made in order to "advance the healthy and stable development of China-U.S. trade." A separate article on the website noted the cut in tariffs was timed in conjunction with a U.S. decision in January to halve tariffs on Feb. 14 for $120 billion of Chinese goods — from 15% to 7.5%.

One analyst says this development could be a sign that China is ready to move on beyond the so-called phase-one trade agreement.

Well they weren't going to halve the cases of NovCor now, were they?

They have to cause of the CoronaVirus

Nice. Go USA

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China cuts tariffs on $75 billion of U.S. imports in trade truceChina cut tariffs on $75 billion of U.S. imports including soybeans, pork and auto parts Thursday in a trade truce with Washington while Beijing struggles with the costly coronavirus outbreak. Wow !! NON STOP WINNING I TELLS YOU !! MAGA WWG1WGA Oh, look at that! The bio-weapons are working! To quote DJT 'This will turn out very well for us.' Winning!
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