U.S. government debt prices were lower Thursday morning, after China announced it would halve tariffs on $75 billion worth of U.S. imports.
China's Ministry of Finance said Thursday that U.S. goods with a tariff rate of 10% would be reduced to 5%, while products that have a tariff rate of 5% would fall to 2.5%.advance the healthy and stable development
It comes as Beijing continues to grapple with the fast-spreading coronavirus outbreak, with many market participants concerned about the potential economic fallout.28,018 cases of the pneumonia-like virus in the country, with 563 deaths.
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