Trade wars: China slashes tariffs on 850 products - business live

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Rolling coverage of the latest economic and financial news, as China gives the world economy a festive gift

Analysts are welcoming China’s plan to cut tariffs. It is “another positive step in the US-China trade story”, says David Madden of CMC Markets .

 

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In 2018, China export to US is US$ 540 billion while China import from US is US$ 120 billion. China get profit US$ 320 billion

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