BBC: China gives ground in textile row

From BBC NEWS:

China says it will raise export tariffs on 74 textile product categories from June, in an apparent effort to calm US and EU fears over cheap Chinese goods.

The increases range as high as 400%, the official Xinhua news agency said, quoting the finance ministry.

Washington and Brussels have expressed concerns about a surge in Chinese textile exports since a global quota system ended in January.

See also “China to raise export tariffs on 74 textile goods” on People’s Daily.

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