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Finance and Economy

US and China agree to slash tariffs temporarily as trade negotiation continues

By Ross O'Keefe
Published
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The United States and China reached a temporary trade agreement early Monday, ending a monthslong tariff standoff that worried global markets.

The 90-day deal will reduce U.S. tariffs on Chinese imports from 145% to 30% and decrease China’s tariffs on American imports from 125% to 10%. America will keep its fentanyl-related levies on China.

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Tag:

China Donald Trump Tariffs Trade Xi Jinping