the US will lower tariffs on Chinese goods to 30 per cent from 145 per cent and China will reduce duties on US imports to 10 per cent from 125 per cent.
For those not aware. Duties are apparently any kind of tax that may be levied on imports (could be anti-dumping fees, etc.) while tariffs are just import taxes.
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For those not aware. Duties are apparently any kind of tax that may be levied on imports (could be anti-dumping fees, etc.) while tariffs are just import taxes.