The United States and China have agreed to suspend the majority of tariffs on each other’s goods, signaling a significant easing of trade tensions between the two largest economies in the world.
As part of the new trade deal, “reciprocal” tariffs will be reduced from 125% to 10%. However, the U.S. will maintain its 20% tariffs on Chinese imports related to fentanyl, keeping the overall tariff level on Chinese goods at 30%.
This agreement follows a series of high-level trade negotiations held over...
https://container-news.com/u-s-and-china-slash-tariffs-in-major-trade-breakthrough/