Goods affected by the latest reduction include industrial components and medical and factory equipment, according to the Finance Ministry. It gave no details of the value of goods affected but said penalties were suspended for one year, effective Feb. 28.
The cuts come as China struggles with the mounting cost of measures imposed to contain a virus outbreak that has closed factories, stores and other businesses. Under their “Phase 1” agreement signed in January, Washington agreed to cancel additional tariff hikes and Beijing committed to buy more American farm exports. U.S. officials said China also committed to addressing complaints about its technology policies.
Last week, the Trump administration reduced penalties on some Chinese imports. In an earlier tariff cut, China announced Feb. 6 it would reduce duties on $75 billion of U.S. goods as part of a trade truce with Washington.