Thursday, December 3, 2020

Tag: Another Blow To The US: China Is CUTTING Tariffs On NON-US Goods

Another Blow To The US: China Is CUTTING Tariffs On NON-US Goods

by Mac Slavo, SHTF Plan:

China has decided to come out swinging against president Donald Trump’s trade war.  In a recent move, the Communist country has elected to cut tariffs on imports that come from anywhere other than the United States.

This simple yet effective step taken in the combat that has become a trade war show that China is not backing down and will be in it for the long haul.  China’s government announced Wednesday that the country would cut import tariffs on a slew of goods to lessen the impact of the trade war with the US. Duties on textiles, construction equipment, and more than 1,500 other goods will drop on November 1, according to the Chinese government. Chinese state media said the move was expected to save consumers in the country 60 billion yuan, about $8.7 billion.