#USChinaTradeTalks The recent agreement between the US and China to temporarily reduce tariffs is a significant step for global trade, with tariffs on US goods entering China dropping from 125% to 10% and on Chinese goods entering the US decreasing from 145% to 30% starting May 14. While this has boosted markets and created optimism, key industries such as automobiles and steel remain affected, leaving companies awaiting clearer long-term trade policies.