Reported 4 months ago
President Trump's recent agreement with China to reduce tariffs significantly marks a temporary truce in the ongoing trade war, lowering U.S. tariffs on Chinese imports from 145% to 30%, while China reduces retaliatory tariffs from 125% to 10%. However, there remains a sense of uncertainty about future negotiations, as many companies adjust to new tariff rates and the potential for a 'bullwhip' effect in supply chains looms. Experts suggest both countries may now have a clearer perspective on each other's economic strengths, but concerns persist that high tariffs could still stifle U.S. economic growth.
Source: YAHOO