In this Tuesday, Feb. 4, 2020, photo, workers watch a container ship arrive at a port in Qingdao in east China's Shandong province. China cut tariffs on $75 billion of U.S. imports including auto parts on Thursday, Feb. 6 in response to American reductions as part of their truce in a trade war.
BEIJING — China 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 a costly virus outbreak. The reductions follow American tariff cuts last month on Chinese goods. There was no indication Beijing altered its own cuts in response to the rising cost of efforts to contain a virus outbreak that have depressed business activity by closing factories, restaurants and shops.
The tax rate on some 916 items including soybeans, pork and fish was cut from 10% to 5%, effective Feb. 14, the ministry said. The rate for 801 items including auto parts will be cut from 5% to 2.5%.
Each American state has a different trade relationship with China, and exports to China vary significantly by category in each state. Explore the data:
Good way to save that face
People need to read up on U S and China trade deal that Trump signed.
It’s a good idea to stick close to China ...helping where we can !
China, struggling with disease, backs off tariffs. Trump will claim victory.
Congratulations, American farmers! Trump's trade war drove you off of your land but Big Ag now has an incentive to buy the land at bankruptcy prices! MAGA!
But we were told having a trade war w the Chinese would destroy the US economy.... 🤷♂️
Trump2020Landslide
There just seems to be something that doesn’t sit right about being led to believe that a political, economical, financial, commercial, cultural and educational center of Central China ...
'Winning!'
nice
China does not have any disease.
Kinda wish they’d keep the tariffs for soy we don’t need that, or any processed oil for that matter
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