The U.S. and China announce a deal to cut tariffs, temporarily easing trade war
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The U.S. and China announce a deal to cut tariffs, temporarily easing trade war
GENEVA — The U.S. and China have agreed to significantly reduce tariffs imposed just weeks before on each other's goods, after negotiators from both countries met over the weekend for trade talks in Switzerland, adding yet another dramatic turn in a dispute that has roiled financial markets and rocked the global economy in recent weeks.American levies on Chinese goods will drop from at least 145% to a base levy of 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.The talks were led on the Chinese ..