US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause
apnews.com
U.S. and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.

U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.

The U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.

    • ColeSloth@discuss.tchncs.de
      0·
      1 day ago

      It’s kinda worse, now. At 30% there’s zero chance “US manufacturing” would ever be able to compete with Chinese manufacturing, so it’s just a 30% tax on the US people that we’re going to be handing over.