US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause
apnews.com
U.S. and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.

U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.

The U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.

  • thedruid@lemmy.world
    37·
    2 months ago

    So we still get worse prices, only this time we get them on top of self inflicted supply issues

    I hate this timeline…

    • Corkyskog@sh.itjust.works
      3·
      2 months ago

      I don’t see the supply issues stopping for a while. Importers will wait, expecting the tariffs to drop to 10%.