Loading ...That tit for tat tariff hoopla rivalry is fake news. It was determined after 2008 that all the trends that started after WW II had to reverse. I posted it long ago, that “China” would start importing from the USA. China needs cheap imports for their consumers. That’s what Americans were told in 1979. Now it Chinas turn.
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“BEIJING (Reuters) – China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. ”
The move was in line with Beijing’s pledge to its trading partners – including the United States – that it would take measures to further increase imports.
The Bloomberg report did not specify the countries that could enjoy lower Chinese tariffs.
At the World Economic Forum in the northern port city of Tianjin, Chinese Premier Li Keqiang said on Wednesday that the government will continue to lower import tariffs on some goods. He did not elaborate.