China has limited the damage to its economy by lowering tariffs on non-US imports

Research via Peterson Institute for International Economics 9via CNBC) says China has lowered duties on goods from countries that compete with America.

  • has thus placed US firms at a “considerable cost disadvantage” 
  • lowering tariffs on products originating from other countries has meant China has reduced the damage to its economy

More:

  • China’s average tariff rate on US goods moved from 8% at the start of 2018 to 20.7% this month
  • China’s average tariff rate on its imports from all other countries fell from 8% at the start of 2018 to 6.7%

This move is for goods imported into China.

Chinese exporters not assisted by this. 

But, hey, its something. 

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