China to halve tariffs on some U.S. imports as virus risks grow

Tariffs are the main driver of US – China trade deal. China’s finance ministry announced that additional tariffs levied on some goods will be cut to 5% from 10% while others lowered to 2.5% from 5%. The objective is to abide by the trade deal and implement it to boost market confidence, push bilateral trade development and aid global economic growth.
Reuters