Source: Gina Heeb, BUSINESS INSIDER, 2/6/20


China on Thursday announced it would reduce tariffs on thousands of American products, signaling intentions to implement an interim trade agreement with the US as a costly virus epidemic escalated. Retaliatory tariffs will be reduced on $75 billion worth of US products, including soybeans, oil, and automobiles, beginning February 14, China's finance ministry said. Some of those imports will face tariffs of 2.5% to 5%, as opposed to the 5% to 10% rates imposed in September and December.

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