Trump Tariffs To Be Phased-Out as US – China Trade War Is To End

BEIJING, China - It will bring enormous relief in both the United States as well as in China; this morning it was announced that the Trump Tariffs are to be phased-out. This is to put an end to the trade war between America and China as well as the heavily raised import duties on many bicycle products that are imported from China into the U.S. The greatly increased import tariffs, enforced by President Trump have, in addition to the EU anti-dumping measures, led to a large-scale production relocation of bicycles, e-bikes and parts.
Chinese Ministry of Commerce made very clear statements this morning on the phasing-out of the Trump Tariffs. – Photo PRC Ministry of Commerce