US will cut "de minimis" tariffs on China shipments from 120% to 54%
Source Fxstreet
Citing a White House executive order, Reuters reported on Tuesday that the US will cut "de minimis" tariffs on China shipments from 120% to 54%, with a minimum flat fee of $100 to remain.
Meanwhile, China announced that it has removed a ban on Boeing deliveries after the trade truce with the US.
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