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China on Thursday announced that it will halve tariffs on hundreds of U.S. goods worth about $75 billion, the government said on Thursday.
The measure, which enters into force on 14 February, concerns tariffs for 1600 products introduced on 1 September last year. Duties on some of them will be reduced to 5 percent, if they were previously 10 percent, and for others they would fall from 5 to 2.5 percent.
The statement on the Ministry of Finance website said the move was made in order to “advance the healthy and stable development of China-U.S. trade.”, CNBC reported.
This comes a month after a ceasefire in the trade war between the two largest economies in the world.
US President Donald Trump issued a stark warning to Iran ahead of the next round of diplomatic talks in Geneva, saying Tehran must agree to a deal or face serious consequences. Speaking to reporters on Monday, Trump confirmed he would be involved in the n
US Secretary of State Marco Rubio said President Donald Trump is “deeply committed” to the success of Hungary and its prime minister, Viktor Orban, during a visit to Budapest
Rodney Mims Cook Jr., the newly appointed chairman of the U.S. Commission on Fine Arts (CFA), is overseeing the project for the new White House Ballroom
The White House is preparing to convene the first leadership meeting of the newly created “Board of Peace” focused on Gaza, with the summit expected to take place around February 19, according to a US official and diplomats from four countries involved in
Radio Free Europe in Romania, which is financed by the US Congress, is preparing to end its operations. According to Romanian media reports, the outlet will officially cease work on March 31
The expiration of the New Strategic Arms Reduction Treaty (New START) has brought the world closer to the risk of a renewed nuclear arms race, as the last major nuclear arms control pact between the United States and Russia officially ended at midnight GM
The European Prosecutor's Office in Sofia has formally charged four individuals in a case involving the misuse of European funds intended to support the employment of people with disabilities.
Ukrainian forces have recaptured 201 square kilometres of territory from Russian troops between 11 and 15 February, marking their fastest advance in over two and a half years.
US President Donald Trump has once again rejected claims linking him to convicted sex offender Jeffrey Epstein, insisting that he has been “totally exonerated.”
German Foreign Minister Johann Wadephul has acknowledged that Germany has effectively depleted its own reserves of air defence missiles and can no longer supply Ukraine directly from its stockpiles
US President Donald Trump issued a stark warning to Iran ahead of the next round of diplomatic talks in Geneva, saying Tehran must agree to a deal or face serious consequences. Speaking to reporters on Monday, Trump confirmed he would be involved in the n
US President Donald Trump said ahead of renewed trilateral negotiations in Geneva that Ukraine should join the talks without delay, warning that Kyiv “better come to the table fast.”
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