Reported about 9 hours ago
Despite a truce in the trade war between the U.S. and China that temporarily reduces some tariffs, a significant 30% tariff remains on Chinese imports. The White House announced a 90-day pause on harsher tariffs, but a baseline 10% tariff and a 20% tariff related to fentanyl smuggling will continue. This modification has led to hopes of further negotiations to reduce import taxes, yet overall tariffs are still markedly higher than pre-Trump levels, potentially increasing living costs and inflation risks.
Source: YAHOO