"The US-China trade relationship wasn't built in a day, and it couldn't plausibly be ended over a few days via presidential Truth Social posts, either."
"During a 90-day pause, the US is taking its tariffs down from 145% to 30%, while China is dropping from 125% to 10%."
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced that the U.S. and China have made substantial progress in mitigating a trade war. Following a closed-door meeting, they agreed to focus on discussions rather than escalating tariffs. The U.S. is reducing tariffs from 145% to 30% and China from 125% to 10% over a 90-day pause. This decision aims to restore economic stability for both nations, recognizing the unsustainable nature of extreme tariff policies that threatened domestic businesses and consumers.
Read at New York Post
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