US and China Agree to Slash Tariffs by 115% for 90 Days
- On Monday, U.S. And Chinese officials announced a 90-day truce to reduce most tariffs at talks held in Geneva.
- The truce followed weeks of escalating tariffs, with the U.S. Cutting its rate on Chinese imports from 145% to 30%, and China lowering tariffs on U.S. Goods from 125% to 10%.
- The deal aims to avoid further economic damage amid fears of recession and disruptions to global markets and supply chains caused by the trade war.
- Markets rallied sharply as Wall Street futures rose over 2.5%, the Hang Seng surged nearly 3%, and analysts described the agreement as a substantial de-escalation but cautioned on future talks.
- Officials said ongoing negotiations will address tariffs, non-tariff barriers, currency issues, and market access, indicating further dialogue is needed beyond this 90-day tariff reduction.
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Trump caves on his Chinese tariffs, but it’s too little too late
The Trump administration announced on Monday that for the next 90 days, Dear Leader is lowering the insane tariff he placed on all Chinese imports from 145% to 30%—enough to appease the stock market but not enough to stave off a spike in inflation and...
·United States
Read Full ArticleUS and China take a step back from the very high tariffs and agree to a 90-day pause
U.S. and Chinese officials said Monday that they reached an agreement to cut most of their recent tariffs and declare a 90-day truce in their trade war to continue talks on resolving their trade disputes. Stock markets rose sharply as the world’s two major economic powers stepped back in a shock that has destabilized the global economy.
·Washington, United States
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Total News Sources572
Leaning Left83Leaning Right55Center171Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
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