The US and China reduce tariffs for 90 days, temporarily easing trade tensions

Breaking news — The US government has announced a temporary reduction of tariffs on Chinese goods from 145% to 30% for a period of 90 days. At the same time, China also announced a reduction of tariffs on American products from 125% to 10%, for the same duration.

This is a rare positive signal in the trade relationship between the world's two largest economies, especially against the backdrop of domestic economic pressures and geopolitical turmoil faced by both sides.

Observers believe that this temporary tax reduction decision may pave the way for a more comprehensive trade agreement in the future, particularly at a crucial moment as the US election approaches and China seeks to restore economic growth.

However, experts also warn that without long-term commitments, such short-term measures may struggle to resolve the fundamental differences between the two sides.