Reported about 8 hours ago
The US and China have reached a significant deal to temporarily reduce tariffs, easing trade tensions between the two economic giants. Under the agreement, US tariffs on Chinese imports will decrease from 145% to 30%, while Chinese tariffs on US goods will drop from 125% to 10%. This development aims to stabilize financial markets and alleviate concerns over a potential recession, with both countries expressing a desire for balanced trade moving forward.
Source: YAHOO