China is planning to cut the average tariff rates on imports from the majority of its trading partners as soon as next month in a move that will lower costs for consumers as a trade war with the US deepens.
Premier Li Keqiang said Wednesday that China would further reduce the tariffs, without elaborating. The two people who spoke on the new reduction asked not to be named as the matter isn’t public yet.
By cutting duties on goods even as it retaliates against President Donald Trump’s trade war with higher charges on some US goods, China is following through on long-stated