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China to cut tariffs in half on $75 billion of U.S. goods

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Christian Fernsby ▼ | February 6, 2020
China announced today it will cut tariffs on $75 billion of U.S. imports by half, starting next week.
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Business in China   China port
In a statement, China’s Ministry of Finance said 10% tariffs on some U.S. goods would be cut to 5%, while other goods that have faced 5% levies will have those cut to 2.5%, starting at 1:01 p.m. Feb. 14, Beijing time.

Topics: China tariffs U.S. goods

The ministry said the move was made “In order to promote the healthy and stable development of Sino-U.S. economic and trade relations.”


 

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