Reported about 7 hours ago
In a surprising turn of events, Xi Jinping's steadfast approach against Donald Trump's tariffs has resulted in significant trade concessions, as the US slashed tariffs on Chinese goods from 145% to 30%, while China reduced its duties to 10%. This unprecedented agreement, following two days of negotiations in Switzerland, met the majority of China's core demands and provided a much-needed boost to stock markets amid rising inflation concerns in the US. Economists view this as a strategic victory for China, enhancing Xi's leverage in future negotiations.
Source: YAHOO