China announces tariff cut but no action on US complaints
World BusinessSept 26, 2018
BEIJING -- China has announced a new cut in import tariffs but no action on U.S. complaints about its technology policy that are fueling an escalating trade battle with Washington.The announcement Wednesday is the second cut in import taxes in less than a year in what the government says is an effort to lower costs for consumers and make the economy more competitive. (AFP)The Cabinet said import taxes on 1,585 products including construction machinery and building materials will be cut effective