Deputy national security adviser Daleep Singh said many tariffs imposed during Donald Trump's presidency served no strategic purpose

The move aims to improve "legal system supporting the development of the socialist market economy," said the work report by a standing committee for the National People's Congress

Beijing said it had worked hard to promote its Phase 1 economic and trade agreement and overcame multiple negative impacts

US is also considering other options, including working with allies to present a united front to Beijing in demanding a level playing field for global firms

While Beijing should be held accountable for unfair trade practices, the tariffs are hurting US businesses and exacerbating supply issues, companies and members of Congress say

Penalties applied after authorities were "preliminarily determining that there was dumping of imported polyphenylene ether"

Beijing will approve the preferential tariff treatments next year to least developed countries it has established diplomatic relations with