US, China to cut tariffs to 30% and 10% for 90 days

The United States and China agreed to temporarily lower tariffs on goods from the other country, the two sides said in a joint statement on Monday.Washington agreed to cut duties on Chinese goods from 145% to 30% for 90 days, while Beijing agreed to lower levies from 125% to 10% during the pause."After taking the aforementioned actions, the Parties will establish a mechanism to continue discussions about economic and trade relations," the US...

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