#TradeWarEases

The U.S. and China have agreed to a 90-day tariff reduction deal to ease trade tensions. The U.S. will lower tariffs on Chinese goods from 145% to 30%, including a 20% fentanyl-related levy that may be removed based on China's actions to curb precursor exports. China will reduce tariffs on U.S. goods from 125% to 10%. The agreement includes increased Chinese purchases of U.S. agricultural products, similar to the 2019 Phase One deal, though specific amounts are undisclosed. Both sides aim to avoid decoupling, but a permanent resolution

remains uncertain. #TradeWar #USChina