China Just Cut Tariffs: What You Need to Know
Trade tensions between the U.S. and China have been at heightened levels for a year and half now, with the U.S. having fired the first blow by imposing tariffs on imports of Chinese goods. China followed up with retaliatory measures, and ever since, investors have remained nervous about what the next escalation might be and whether the two sides would ever find room to compromise.
Yet more recently, the relationship between China and the U.S. has improved. A phase 1 trade deal helped break the ice and set the stage for further negotiations. China has now followed up with an additional concession that investors are seeing as another positive step on the path toward more normalized trade relations with the U.S., and many believe that more moves could come in the future. Below, we'll look more closely at exactly what China did and what it means for both nations as well as stock investors.
Image source: Getty Images.
Source Fool.com
