Hey everyone, big news on the global trade front! The U.S. government has officially dropped the extra 91% tariffs on Chinese goods that were imposed back in April. This change kicks in at 00:01 a.m. Eastern Time on May 14, as confirmed by the Chinese Ministry of Commerce. 🚀
This decision follows a recent high-level economic and trade meeting, where both sides reached a consensus to remove, suspend, or adjust the additional tariffs. Such moves signal a fresh momentum in global trade policies and could impact various sectors, including tech and business – areas that many young professionals and trendsetters are closely watching.
In response, the Chinese Ministry of Commerce announced that corresponding adjustments to countermeasures, including both tariff and non-tariff measures on U.S. goods, will soon be in place. This evolving scenario might bring new opportunities and challenges as the trade dynamics shift, so stay tuned for more updates on these global trends! 💼🌏
Reference(s):
cgtn.com
