U.S., China Agree to 90-Day Tariff Reduction in Trade War Pause

U.S., China Agree to 90-Day Tariff Reduction in Trade War Pause

In a major breakthrough, the United States and China have agreed to slash tariffs on each other’s goods for 90 days, as they de-escalate their trade war. Starting tomorrow Wednesday, both countries will reduce tariffs by 115%, meaning U.S. tariffs on Chinese imports will drop to 30%, while Chinese tariffs on American goods will fall […]