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Trade war: China to cut tariffs on $75 billion in US imports, says official

us china trade war, us china trade deal, us china trade war news, us china trade war timeline, us china trade talks, us china trade news, us china trade war impact on india, china us import taxThe reduction will apply to tariffs of 5% and 10%. (Reuters)

China will cut punitive tariffs on USD 75 billion in US imports by half starting February 14, the government said on Thursday, a month after Beijing and Washington signed a truce in their trade war. The reduction will apply to tariffs of five per cent and 10 per cent that were imposed on more than 1,600 items in September, according to the State Council Tariff Commission.

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