In a significant development, China and the United States have agreed to temporarily reduce tariffs on each otherâs goods for a period of 90 days. U.S. tariffs will decrease from 145% to 30%, while China will lower its tariffs from 125% to 10%. This agreement emerged after high-level talks aimed at mitigating economic hostilities that have put pressure on global markets. However, experts emphasize that this is merely a temporary measure and the path to a robust trade deal remains complicated and uncertain.
China and the United States have decided to reduce tariffs on each otherâs goods for 90 days, providing temporary relief amidst a critical trade war.
The agreement reflects an attempt to ease economic tensions, although analysts warn this is just a preliminary measure and not a full resolution.
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