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. That will take effect from 1:01 p.m on Feb. 14, it said.
Andrew Harrer | Bloomberg | Getty Images
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, but did notThe cuts apply to about $75 billion worth of imports from the U.S. that was slapped with tariffs on Sept. 1, 2019, according to a separate statement on the ministry's website.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How fear of Trump's China tariffs will cushion a toy company from coronavirus outbreak supply issuesFear of impending China tariffs may have actually given some toymakers a cushion against early impacts from the recent coronavirus outbreak.
Read more »
The US has sent supplies and support to Wuhan, China confirmsThe coronavirus oubreak has killed nearly 500 people and infected more than 24,000 worldwide. Follow here for the latest
Read more »
U.S. to review new curbs on Huawei, China in Feb. meeting: sourcesThe Trump administration plans to meet this month to discuss further curbing tec...
Read more »
Larry Kudlow: Coronavirus will slow U.S. farm exports to ChinaWhite House economic adviser: The coronavirus in China will affect its ability to purchase massive amounts of U.S. goods and services as part of the 'phase one' trade deal
Read more »
About 350 U.S. evacuees from China placed under coronavirus quarantine at military basesTwo planes carrying about 350 Americans out of Wuhan, China, arrived at an Air F...
Read more »