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U.S. to cut China tariffs in half, suspend Dec. 15 tranche in phase-one deal

December 12, 2019 at 5:04 PM
The United States is expected to cut in half tariffs on roughly $360 billion on Chinese goods in exchange for a promise from Beijing to purchase more U.S. goods if President Trump agrees to the terms U.S. and Chinese negotiators have reached on a phase-one trade deal, according to sources close to the talks. The U.S. has placed 25 percent tariffs on $250 billion worth of goods and 15 percent tariffs on about $112 billion worth of goods. A phase-one...


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