Reported about 7 hours ago
Amid high-stakes negotiations, the US and China have agreed to a 90-day suspension of tariffs, reducing duties significantly on both sides. US tariffs on Chinese goods will drop from 145% to 30%, while China's retaliatory tariffs will decrease from 125% to 10%. This development signals a potential thaw in trade relations as President Trump and President Xi Jinping are expected to communicate soon. The parties are set to establish a continuing dialogue to address various trade issues, including intellectual property and currency manipulation.
Source: YAHOO