China to halve tariffs on some U.S. imports as virus risks escalate

BEIJING (Reuters) - China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 trade deal that brought a truce to a bruising trade war between the world's two largest economies.While the announcement comes about three weeks after the first phase of the trade pact was inked, it is also seen by analysts as a move by Beijing to boost confidence amid a virus outbreak that has disrupted businesses and hit investor..