#TradeWarEases

🔧 Key Terms of the Agreement

U.S. Tariffs: Reduced from 145% to 30% on Chinese imports.

Chinese Tariffs: Lowered from 125% to 10% on U.S. goods.

Duration: The tariff reductions are effective for 90 days, providing a window for further negotiations.

Exceptions: Certain tariffs, such as the 20% levy on Chinese electronics related to fentanyl concerns, remain in place.

This agreement emerged from high-level talks in Geneva, where U.S. Treasury Secretary Scott Bessent described the discussions as "very productive," hinting at the potential for a comprehensive trade agreement in the coming weeks.