#TradeWarEases For a long time now, these two nations have always done business. What has happened to the final, China and the United States have agreed to mutually reduce tariffs on each other's products, according to a statement issued this Monday by the White House.

It is reported that Washington will cut tariffs on Chinese products from 145% to 30%, while Beijing will reduce them from 125% to 10%.

"We have reached an agreement on a 90-day pause and have substantially lowered tariff levels," said U.S. Treasury Secretary Scott Bessent when announcing the agreement.