US, China Agree to 90-Day Tariff Truce
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President Trump announced a 90-day pause on most US-China tariffs, with both countries temporarily slashing duties. The US will reduce tariffs to 30% from 145%, while China lowers them to 10% from 125%. Trump stated this was a significant development from recent trade talks in Geneva, though details remain to be finalized. Certain tariffs, including those on fentanyl and steel, remain in place. The agreement aims to ease trade tensions and is set to begin Wednesday.
President Trump announced a 90-day pause on most US-China tariffs, with both countries temporarily slashing duties. The US will reduce tariffs to 30% from 145%, while China lowers them to 10% from 125%. Trump stated this was a significant development from recent trade talks in Geneva, though details remain to be finalized. Certain tariffs, including those on fentanyl and steel, remain in place. The agreement aims to ease trade tensions and is set to begin Wednesday.
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