Tag: trade war

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China to lower US taxes amid coronavirus outbreak

Guardian reports that markets rally after Beijing unveils plans to halve extra tariffs on 1,717 US products to boost its coronavirus-hit economy. The market rally followed the latest attempts by the Chinese authorities to boost the economy. After pumping money into the banking system and announcing tax and spending measures to help companies and households, Beijing said it would halve additional tariffs on 1,717 US goods.

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Japan and South Korea to talk about trade war

Japan and South Korea and have reached an agreement to discuss their current trade war in December, with a preparatory meeting due to be held in Vienna in the week to come. In a statement, South Korea's Ministry of Trade, Industry and Energy highlighted that "During the December meeting, the two countries plan to exchange opinions on various domestic and external situations related to export control."

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