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Is President Trump Winning the Trade War? China Expected to Cut Tariffs on $75 Billion of U.S. Goods

On February 6, 2020, China revealed that it would cut tariffs on $75 billion of goods by half to fulfill its end of its bargain after recently signing a trade agreement with Washington.

Starting on February 14, China will reduce tariffs on some American goods from 10 percent to 5 percent. Tariffs on other items will be lowered from 5% to 2.5%, according to China’s Ministry of Finance.

The tariffs were slapped on in September and December in the midst of a protracted trade scuffle between the two superpowers.

The U.S. government has already rolled out plans to scale back tariffs on certain Chinese imports that were flagged during the trade war. However, most tariffs will stay in place.

Read the full story from Big League Politics

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