📢 𝗝𝗨𝗦𝗧 𝗜𝗡: China Says U.S. Commits to Capping Replacement Tariffs on Chinese Goods at 𝟮𝟬% - $SPY $QQQ
👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:➤ 𝗖𝗵𝗶𝗻𝗮 says the 𝗨.𝗦. committed to a 𝟮𝟬% cap on replacement tariffs.➤ Current replacement tariff stands at 𝟭𝟮.𝟱%.➤ The U.S. has 𝟳.𝟱 percentage points of remaining tariff headroom.➤ China says the commitment was made during recent 𝗯𝗶𝗹𝗮𝘁𝗲𝗿𝗮𝗹 trade talks.➤ New tariffs replace duties that expired on 𝗝𝘂𝗹𝘆 𝟮𝟰.➤ The U.S. is separately investigating China's alleged 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 overcapacity.➤ China says existing retaliatory tariffs remain in effect.➤ Beijing urged the U.S. to remove unilateral tariffs and continue dialogue.👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:➤ A tariff ceiling could reduce uncertainty for global trade and supply chains.➤ Limits near-term escalation despite ongoing U.S.-China trade tensions.➤ Markets will closely watch whether the U.S. maintains the stated 𝟮𝟬% cap.➤ The separate U.S. overcapacity probe could still lead to additional trade actions.👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:𝗖𝗵𝗶𝗻𝗮'𝘀 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗠𝗶𝗻𝗶𝘀𝘁𝗿𝘆:"We will continue to closely monitor and fully assess subsequent US measures, and reserve the right to take all necessary measures."The copyright of this article belongs to the original author/organization.
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