China announced Thursday that it will cut existing tariffs on $75 billion worth of U.S. goods in half as part of the Phase One trade deal President Trump signed last month. China's finance ministry said in a statement that tariff reductions for the relevant goods, which were initially announced on Sept. 1, will take effect from 0501 GMT on Feb. 14. The reductions come about three weeks after the two countries signed the Phase 1 trade deal in Washington, which included China's promise to boost purchases of ...
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