#TradeWarEases China and the United States finally agree to a 90-day trade truce to ease tensions.
Under the agreement, the United States will reduce tariffs on China from 145% to 30%, while China will reduce retaliatory tariffs on US exports from 125% to 10%.
This agreement comes after intensive negotiations in Geneva, where officials from both countries met to discuss ways to ease escalating trade tensions. Both sides described the talks as "frank and constructive."
The truce aims to give the two countries time to negotiate a comprehensive trade agreement that would end the months-long trade war. The trade war has resulted in tit-for-tat tariffs on hundreds of billions of dollars of goods, harming businesses and consumers in both countries.
The tariff reductions are expected to ease pressure on businesses and consumers and boost trade between the two countries. However, the future of trade negotiations remains uncertain, and trade tensions could escalate again if a permanent agreement is not reached within the 90-day period.
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Will a radical solution be reached or what?
