China Trolls Trump, Will Slash Tariffs On Imports From ‘Majority’ Of Trade Partners

Well, China is going to go ahead an cut the average tariff rate on most of its trading partners, in a bid to boost imports and ensure consumer prices don't rise amid the trade war with the U.S. He didn't elaborate, but Premier Li Keqiang reiterated China's commitment to opening up its economy and the apparently broad-based tariff cuts will come as soon as next month, according to the ubiquitous "people familiar with the matter". The country's MFN average tariff rate currently sits at