The United States and China have reached an agreement to suspend heavy tariffs on each other's imports for 90 days, marking a pivotal moment in their ongoing trade conflict. This deal, announced after two days of negotiations in Geneva, reflects a de-escalation in the tariff war intensified by President Trump since he took office. Both countries recognized the importance of their economic relations and have made significant concessions, reducing tariffs from 145% to 30% on Chinese goods and from 125% to 10% on US products, paving the way for future negotiations.
Experts cite the recent suspension of tariffs between the United States and China as a significant step forward in easing longstanding trade tensions. The agreement allows both countries to take steps towards a more constructive economic relationship.
The intense tariff war that escalated between the countries since President Trump's return to office has resulted in duties as high as 145 percent on Chinese imports, creating considerable strain in their economic relationship.
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