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China to halve retaliatory tariffs on hundreds of US goods
CNBC ^ | FEB 5 2020 | Weizhen Tan & Evelyn Cheng

Posted on 02/05/2020 11:50:34 PM PST by Dana1960

Retaliatory duties on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, according to a statement from China’s Ministry of Finance. The adjustments will take effect from 1:01 p.m on Feb. 14, it said, without specifying which time zone it was referring to.

The statement said the move was made in order to “advance the healthy and stable development of China-U.S. trade.”

China said that the next adjustment will depend on how Sino-U.S. trade ties evolve, adding it hopes to work with Washington to completely eliminate all tariff increases.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: china; economy; tariffs; trade; trumpchina
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To: Dana1960

It would be great if President Trump brought this up at his 12 noon presentation.


21 posted on 02/06/2020 1:47:55 AM PST by existentially_kuffer
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To: Vendome

Wrong.

The top US exports to China are aircraft, soybeans, automobiles, and computer chips. The US has a trade surplus with China in those items.

China also buys from the US coal, other agricultural products, medical equipment, and machinery.


22 posted on 02/06/2020 2:18:16 AM PST by Vaden (First they came for the Confederates... Next they came for Washington... Then they came...)
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To: Dana1960

China is most likely interested in basic food commodities because of the Coronavirus.


23 posted on 02/06/2020 2:19:54 AM PST by WASCWatch
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To: Dana1960

I’m Nancy Pelosi. Let me print this out and rip it up.


24 posted on 02/06/2020 2:23:18 AM PST by Eleutheria5 ("SHUT UP!" he explained.)
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To: Dana1960
All of them need to be removed. Or we might lose track of those medical support supplies that may keep open rebellion from boiling over.

As I have said many times over. Screw the fentanyl chicom scums. Screw them to hell.

May the Chinese people rise and consume them.

25 posted on 02/06/2020 3:14:06 AM PST by Caipirabob (Communists...Socialists...Fascists & AntiFa...Democrats...Traitors... Who can tell the difference?)
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To: Dana1960

Now let’s RAISE our import tariffs on Chink imports! We got ‘em on the run!


26 posted on 02/06/2020 4:31:07 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Dana1960

More winning.


27 posted on 02/06/2020 4:37:03 AM PST by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
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To: Dana1960

The DJIA may have another great day due to this.


28 posted on 02/06/2020 4:45:29 AM PST by Preachin' (I stand with many voters who will never vote for a pro abortion candidate.)
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To: Preachin'

So glad I read these responses, cuz when I first read the headline, my half-awake eyes didn’t see the”l” in “halve” :)!


29 posted on 02/06/2020 5:03:03 AM PST by milagro (There is no peace in appeasement!)
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To: proust

Or is it in exchange for our keeping most travel with them open?

We really have no idea what it may be in trade for.


30 posted on 02/06/2020 5:05:46 AM PST by 9YearLurker
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To: Dana1960

Trump may be right. There will be so much winning we’ll get tired of winning.


31 posted on 02/06/2020 6:08:00 AM PST by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
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To: Dana1960

This is an indication that China realizes Trump will be re-elected and that Trump’s trade policies are effective.


32 posted on 02/06/2020 6:14:34 AM PST by captain_dave
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To: Dana1960

“The adjustments will take effect from 1:01 p.m on Feb. 14, it said, without specifying which time zone it was referring to.”

There is only one time zone in China. Duh.


33 posted on 02/06/2020 6:51:22 AM PST by Republicanprofessor
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To: NorseViking

“What US goods are selling in China?”

Buick is the most popular car in China (Or was the last time I checked)

Walmart is extremely popular though the company localizes the merchandise.

Apple stuff, but it is made in China so I don’t know if that counts

Snack foods

Groceries imported from the US/UK/South Korea and Japan are big there.

Clothing brands

Caterpillar machinery

Movies & TV shows

NBA

Airplanes

Lots of stuff


34 posted on 02/06/2020 7:27:17 AM PST by Fai Mao (There is no rule of law in the US until The PIAPS is executed.)
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To: Fai Mao

Buick and Apple are Chinese made and so are clothing.
I am in Russia right now and only made in USA stuff I have seen in years are Barbasol shaving foam, peanut butter, Remington guns, Chrysler and Jeep.


35 posted on 02/06/2020 7:37:19 AM PST by NorseViking
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To: Vaden

That was a joke...


36 posted on 02/06/2020 9:04:12 AM PST by Vendome (I've Gotta Be Me https://www.youtube.com/watch?v=BB0ndRzaz2o)
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To: NorseViking

I have heard that this one can last 2 weeks or more depending on the temperature. Less if it is really warm.


37 posted on 02/06/2020 10:44:05 AM PST by Revel
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