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
- 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.