US and China conform to slash tariffs for 90 days | EUROtoday

US and China have agreed a brief lower to the tariffs they impose on one another’s imports.

US Treasury Secretary Scott Bessent mentioned each international locations would decrease their reciprocal tariffs by 115% for 90 days.

The announcement got here after each China and the US had held commerce talks in Switzerland over the weekend, which Bessent had beforehand described as “productive and constructive”.

It was the primary assembly between the 2 international locations since US President Donald Trump had levied steep tariffs towards China on its items coming into America in January.

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