Following negotiations in Geneva, the United States and China have agreed to lower tariffs substantially for the next 90 days, the White House announced. The aim is to de-escalate the current trade war and allow both parties time negotiate to achieve a "sustainable, long-term and mutually beneficial economic and trade relationship," they said in a joint statement.
The US will temporarily lower its tariffs on Chinese goods from 145 to 30 percent (10 percent plus a 20 percent fentanyl-related levy). China, meanwhile, will cut its tariff on American imports from 125 percen...
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