China, US Slash Trade Tariffs in 90-Day Deal

China and the U.S. have agreed to pause their reciprocal tariffs for 90 days, with both sides bringing their rates down by 115 percent according to U.S. Treasury Secretary Scott Bessent.

This takes the tariffs imposed on Chinese goods by President Donald Trump down to 30 percent, and those imposed on U.S. goods by Beijing to 10 percent.

It is a major step towards resolving the trade conflict between the world’s two largest economies.