The U.S. and China announce a deal to cut tariffs, temporarily easing trade war

The U.S. and China have agreed to sharply reduce tariffs after high-level trade talks in Switzerland, easing tensions that had disrupted global markets. U.S. tariffs on Chinese goods will drop from 145% to 30% for 90 days, while China will cut its tariffs from 125% to 10%. Both sides called the talks productive and pledged to continue negotiating. While importers welcomed the move, business leaders warned that uncertainty remains. The reductions could be reversed if future talks stall. Willem Marx with NPR has the full story.

Willem Marx

NPR

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