China to halve tariffs on $75B of US imports

BEIJING: China on Thursday said it would halve tariffs on $75 billion worth of US imports as part of its trade truce with Washington and as officials look to calm markets unnerved by a deadly virus outbreak.

The East Asian country’s State Council Tariff Commission said the reductions would come in a month after Beijing and Washington signed a deal to dial down a long-running trade war that has hit the global economy.