Stock market quotes, forex, financial news, forex tools – money-investing.com

China reduces duties on American goods

 Breaking News
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
  • Israel economy sets anti-records Israel is a recognized high-tech paradise, a stable and strong platform for business development. However, the economy of the country in the Middle East has failed to resist the consequences...
  • A car rental service Hertz went bankrupt Hertz, the largest US car rental company, has filed for bankruptcy. The company was founded already in 1918. For a hundred years, Hertz has coped with the Great Depression, the...
  • Monday starts with the growth of oil prices The energy market started today’s trading session with the steady growth. Quotes are increasing on the signals about the recovery in demand and a decrease in production in the States....
China reduces duties on American goods
February 06
13:00 2020

Official Beijing has announced that import duties on goods, the total value of which is $ 75 billion, will be reduced in the near future. It is about American imports. In fact, the decision revises the duties that were imposed last autumn. We recall that they were introduced in response to an increase in tariffs on Chinese goods from the United States.

Already on Friday, February 14, official Beijing will reduce additional 10 %  and 5 % duties by exactly two times.

A press release, which was published regarding this issue, states that the tariff cut should help strengthen economic and trade relations between countries.

We recall that in mid-January, there was a signing of the agreement on the first phase of the settlement of the trade dispute between China and the United States. Under its terms, the PRC is obliged to increase the import of American goods, while the States will reconsider plans to introduce additional duties on Chinese goods.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment