'Total reset': U.S. and China agree to lower tariffs

By HUIZHONG WU BANGKOK (AP) — While President Donald Trump has claimed victory after reaching a weekend agreement with China to roll back skyrocketing tariffs on each other's products, businesses in China are reacting cautiously to the temporary deal. The U.S. and China have rolled back tariffs they imposed on each other in April. Washington reduced the tariff to 30 percent from the 145 percent Trump imposed last month. China agreed to lower its…

'Total reset': U.S. and China agree to lower tariffs

U.S. and China agree to major tariff cuts to 10% after Geneva talks, signaling a shift towards cooperation, though a 20% fentanyl-related tariff remains. The U.S. and China have reached a major breakthrough, agreeing to sharply reduce tariffs following high-stakes meetings in Geneva. President Trump’s tariffs on Chinese goods will drop from 125% to just 10%, while China will reciprocate by slashing its retaliatory tariffs on American exports to…