In its third round of tariff cuts this year, China announced that 700 more goods will have tariffs cut. Bloomberg reports:
China announced another round of tariff cuts, lowering import taxes on more than 700 goods from Jan. 1 as part of its efforts to open up the economy and lower costs for domestic consumers.
No doubt, that’s what they say. And it is true that domestic consumers will benefit from lower cost access to foreign goods. But, is President Trump’s pressure on China not a factor? I am sorry, but I can’t accept the notion that Trump is irrelevant to the decision.