China announces tariff cuts, more competition in markets

China announced it will reduce tariffs Jan. 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development. The announcement followed an interim trade agreement with Washington in a tariff war that has rattled financial markets. The step adds to a series of tariff cuts over the past ...

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China announces tariff cuts, more competition in markets

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