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US, China to slash tariffs for 90 days
The United States and China have agreed to significantly reduce tariffs in the next 90 days, top US officials said on Monday. The moveContinue Reading
By Ada Derana English
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US and China have agreed a temporary cut to the tariffs they impose on each other's imports. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. However, the US tariffs on Chinese imports will now be cut to 30% for 90 days, while Chinese tariffs on US imports will be cut to 10% for the same period of time.
What this story is about
People
- Scott Bessent2
- Donald Trump2
Places
- United States2
- Beijing2
- China2
- United Kingdom
- Washington.Why
- China?Tariffs
- Switzerland
- Washington
Keywords
- slash2
- significantly
- movecontinue
- reciprocal
- officials
- agreed
- reduce
- reach
- days
- deal
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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