China Set To Halve Tariffs On $75 Billion Of U.S. Goods

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China Set To Halve Tariffs On $75 Billion Of U.S. Goods
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The latest announcement is China’s first response to the phase one trade deal.

Such a large increase in Chinese imports of U.S. goods has raised

on Wall Street, especially as China now struggles to contain the escalating coronavirus outbreak, which as of Thursday has infected more than 28,000 people and killed 565.on Thursday that based on current projections, the U.S. does not expect the coronavirus to hinder China’s ability to live up to their end of the phase one trade deal. “Based on current information, I don’t expect there will be any issues in them fulfilling their commitments,” he said.

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