#TradeWarEases

Significant reductions in tariffs: Reports indicate that the United States has agreed to reduce tariffs on Chinese goods from 145% to 30% over the next ninety days. In response, China will lower its tariffs on American goods from 125% to only 10% during the same period.

"Complete Reset": President Trump described these talks as a "complete reset" in the relationship.

New Consultation Mechanism: The two countries will work on establishing a new economic and trade consultation mechanism to continue discussions.

Suspension of Countermeasures: China will also suspend or remove non-tariff countermeasures that it had previously imposed.