China has rolled back 24% additional tariffs on U.S. goods for a year, but the 10% levies introduced in response to President Donald Trump‘s ‘Liberation Day‘ duties will remain in effect, the country’s cabinet confirmed on Wednesday.
Meanwhile, Trump signed the executive order on Tuesday to formally cut a fentanyl-related tariff on imports from China to 10% from 20%, delivering on a key element of the trade deal struck with Chinese President Xi Jinping.
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