Since U.S. President Donald Trump imposed steep tariffs on China last month, Beijing has responded in kind. On state and social media, it posted images of Mao Zedong, lambasted "imperialists," and sent a message: capitulation to bullies is dangerous, and it wouldn't back down.
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White House partially cuts tariff on cheap goods
www.axios.com
... Tariff rates on small packages from China will be cut in half, though a flat-fee option will not change, the White House said Monday. ...
Driving the news: The Trump administration announced a temporary trade deal Monday morning that significantly reduced tariffs on Chinese goods to 30% from 145% for the next 90 days.
- - - Later in the morning, a White House official told Axios that the "de minimis" tariff was left out of that deal: a 120% tariff rate on shipments from China valued at less than $800, or a flat $100 fee per postal item.
- - - Then Monday night, the White House released the text of an executive order cutting the tariff rate to 54%, while still maintaining the $100 fee option.
State of play: Trump officially scrapped the longtime de minimis exemption earlier this year, after a delay as Customs and Border Protection established a protocol to collect tariffs on these goods. ...
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