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@rovercrc💥BREAKING: U.S. IMPOSING 55% TARIFF ON CHINESE GOODS, 30% NEW PLUS 25% EXISTING. CHINA EXPECTED TO CUT TARIFFS TO 10% FOLLOWING GENEVA DEAL.
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U.S. Officials Expect Chinese Tariffs to Be Set at 10% After Geneva Deal as U.S. Maintains 55% Tariffs
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Following a recent agreement reached in Geneva, U.S. officials have indicated that Chinese tariff rates are expected to be set at 10%. This development marks a significant reduction compared to the current U.S. tariffs on Chinese goods, which total 55%, composed of a new 30% tariff plus an existing 25% tariff. The Geneva deal anticipates China will correspondingly reduce its tariffs to 10%, signaling a potential easing of trade tensions between the two countries.
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