#TradeWarEases China and U.S. agree to slash tariffs for 90 days while they negotiate

The agreement lowers tensions in the trade war but does little to change the overall direction of deteriorating ties between Beijing and Washington.

China and the United States have agreed to lower tariffs goods from each other’s countries for 90 days, offering a temporary reprieve in a trade war that threatens to cause a global recession and deepen a widening rift between the world’s two largest economies.