China and U.S. agree to slash tariffs for 90 days while they negotiate

"China and the United States have decided to reduce tariffs on each other’s goods for 90 days, providing temporary relief amidst a critical trade war."

"The agreement reflects an attempt to ease economic tensions, although analysts warn this is just a preliminary measure and not a full resolution."

In a significant development, China and the United States have agreed to temporarily reduce tariffs on each other’s goods for a period of 90 days. U.S. tariffs will decrease from 145% to 30%, while China will lower its tariffs from 125% to 10%. This agreement emerged after high-level talks aimed at mitigating economic hostilities that have put pressure on global markets. However, experts emphasize that this is merely a temporary measure and the path to a robust trade deal remains complicated and uncertain.

Read at The Washington Post