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China halves tariffs on 1717 US goods

China plans to halve tariffs on 1,717 goods it imports from the US as the country faces the fresh challenge of the coronavirus. Chinese officials said tariffs on some goods would be cut from to 5% from 10%, and on others from 5% to 2.5%. The two countries have been stuck in a long-running trade […]

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Business World

US-China Trade War

The United States and China are playing trade games as the world watches. The United States has a trade deficiency of over US$275 billion dollars with China. This instigated the Trump administration to impose fresh tariffs on its imports from China. Till March this year tariffs stood at 4.1% of the total goods against China. […]