Economics
China to Cut Tariffs 50% on U.S. Goods Spelled Out in Deal
- Reductions timed to coincide with phase one moves by U.S.
- China says it’s continuing to process exemption applications
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China will halve tariffs on some $75 billion of imports from the U.S. later this month, reciprocating a U.S. action and likely satisfying part of the interim trade deal.