8 hours agoChina suspends additional customs duties on American products
Periskopi(7 years ago)
(7 years ago)China has suspended additional customs duties on American products that will take effect today, following Friday announcement from Beijing and Washington for a ceasefire in their trade fight. “Kina suspended tax access to 10% and 5% on some American imports and will continue to cut taxes [...]
“Kina suspended tax access to 10% and 5% on some American imports and will continue to cut additional taxes on vehicles and parts produced in the US”, the Chinese Finance Ministry said today.
This move was undertaken following US President Donald Trump's cancellation of new taxes announced on Chinese products, under the precautionary agreement between the two countries.
The Chinese Trade Ministry announced on Friday that it had reached a preliminary agreement with the US that envisions a progressive withdrawal of customs duties and protection of intellectual property rights. /Attish
