#TradeWarEases The United States and China have agreed to a significant, albeit temporary, reduction in tariffs, marking a notable de-escalation in their ongoing trade tensions. Following negotiations in Geneva, both nations consented to lower their respective tariffs for a 90-day period to facilitate further discussions toward a comprehensive trade agreement.

Key Details of the Agreement

Tariff Reductions: The U.S. will decrease tariffs on Chinese goods from 145% to 30%, while China will reduce tariffs on U.S. imports from 125% to 10%.

Duration: The tariff reductions are set to last for 90 days, providing a window for both countries to negotiate a more permanent resolution.

Exemptions: Certain U.S. tariffs, particularly those related to fentanyl-related goods, will remain in place.