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US, China Tag $60B in Potential Tariff Relief

The U.S. and China have recommended about US$60 billion in two-way trade for potential preferential tariff treatment under a new bilateral framework, identifying about US$30 billion of products in each direction that could eventually receive lower tariffs. The recommendations cover non-sensitive goods and are the latest step under the U.S.-China Board of Trade, established by President Donald Trump and Chinese President Xi Jinping during Trump's May visit to Beijing. The tariff reductions ... [+]

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