China rolls back tariffs on US goods as part of trade agreement

By Sean Higgins

Published February 6, 2020 1:38pm ET

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China rolls back tariffs on US goods as part of trade agreement — Beijing said Thursday that it would halve some tariffs on U.S. goods as part of its “phase one” trade deal with the United States, cutting some to 5% and others to 2.5%. It was unclear how much trade, in U.S. goods, was covered by the reduction, though the tariffs were part of a $75 billion […]

Beijing said Thursday that it would halve some tariffs on U.S. goods as part of its “phase one” trade deal with the United States, cutting some to 5% and others to 2.5%.

It was unclear how much trade, in U.S. goods, was covered by the reduction, though the tariffs were part of a $75 billion block of U.S. goods that Beijing had targeted for retaliation during last year’s trade war.

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