US EditionUS and China Agree to Slash Tariffs by 115% for 90 Days
- On Monday in Geneva, U.S. And Chinese officials agreed to slash tariffs by 115 percentage points for 90 days to ease their trade war.
- The deal followed two days of talks as both sides wanted to avoid a complete blockage of goods and a decoupling of their economies.
- The U.S. Cut tariffs on Chinese goods from 145% to 30%, while China lowered tariffs on U.S. Goods from 125% to 10%, suspending 91% and 24% of tariffs respectively.
- Markets responded positively, with the S&P 500 futures rising 2.6%, Dow Jones up 2%, and Hong Kong's Hang Seng index surging nearly 3%, signaling relief among investors.
- Despite progress described as a substantial de-escalation, experts warned that tariffs remain high and uncertainty about future talks leaves the long-term outcome unclear.
586 Articles
586 Articles
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...
The Center Square
Record Argus - Serving Greenville, PA since 1848U.S., China agree to cut tariffs after trade meeting
(The Center Square) – The U.S. and China will cut tariffs on imports from each other as the world's two largest economies look to reach a broader deal on trade after months of tensions.
US 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.
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