#USChinaTradeTalks both countries agreed to modify their tariffs, with the US suspending 24 percentage points of its 34% tariff on Chinese goods for 90 days, while China reciprocated with similar measures. This development could foster better business relations, as reduced tariffs may increase trade volumes and boost economic cooperation.

*Key Developments:*

- *Tariff Reductions*: US reduces tariffs from 34% to 10% on Chinese goods for 90 days

- *Mutual Agreement*: China reciprocates with similar tariff reductions on US goods.