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Tag: China import taxes

US-China Reach Tariff Truce: 90-Day Deal to Ease Trade Tensions
  • International
  • Politics

US-China Reach Tariff Truce: 90-Day Deal to Ease Trade Tensions

Nova Hearst3 months ago3 months ago04 mins

GENEVA – The United States and China have reached a temporary agreement to significantly reduce the high import tariffs both countries imposed on each other, easing trade tensions that had rattled global markets. US Treasury Secretary Scott Bessent confirmed on Sunday that both nations will reduce their respective tariffs by 115% for a 90-day period,…

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