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US-China trade deal: When tariffs on Chinese goods will be reduced

Added 01-16-20 11:04:02am EST - “The tariffs on $120 billion of Chinese goods will be reduced on Feb. 14.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “US-China trade deal: When tariffs on Chinese goods will be reduced”. Below is an excerpt from the article.

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Former Trump campaign senior trade adviser Curtis Ellis discusses talks between the world's two biggest economies and the impact of an initial deal.

The U.S. is granting tariff relief on Chinese imports now that the historic phase one trade deal with Beijing is complete.

The levy on $120 billion of Chinese goods will be lowered to 7.5 percent from 15 percent starting at 12:01 a.m. on Feb. 14, the U.S. Trade Representative said Thursday, providing a timetable for plans disclosed in December. Washington will keep duties of 25 percent on about $250 billion of China-made products.

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