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1/22, 10:33 AM (Source: TeleTrader)
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Phase 1 tariff cuts by US to take effect February 14

Tariff reductions from the phase one trade agreement between the United States and China are set to take effect on February 14, a notice by the US Trade Representative revealed on Wednesday.

The duties will be lowered from 15% to 7.5% on certain Chinese imports that were tariffed last August, as the measure is "no longer appropriate."

The US and China signed the phase on trade agreement on January 15, suspending additional tariffs and agreeing to rollback the existing ones.

Breaking the News / NI