#TradeWarEases

Light_Trade_War_Between_the_United_States_and_China

In a surprising move, the United States and China announced a temporary agreement to ease trade tensions between them, following intense negotiations that lasted two days in Geneva.

Agreement Details:

Reduction of Tariffs: The United States agreed to reduce tariffs on Chinese goods from 145% to 30%, while China lowered its tariffs on American imports from 125% to 10%.

Duration of the Agreement: This easing will last for 90 days, during which additional negotiations are expected to reach a more comprehensive trade agreement.

Exempted Goods: Some tariffs remain in place, especially on steel, aluminum, and automobiles, in addition to those related to the fentanyl crisis.