More tariffs and more tax cuts for China

The U.S. is preparing new tariffs against all remaining Chinese imports if talks between Presidents Donald Trump and Xi Jinping fail. New tariffs against all goods from China might be announced in December. They would target the $257 billion in imports from China which are not already under tariff. China is looking at major tax cuts to boost its economy. China is looking to reduce its car taxes from 10% to 5%. In 2019, China is also looking at tax cuts equal to about 1% of GDP. A tax cut equal to 1 percent of GDP next year would be

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