BREAKING: United States cuts tariffs on Chinese goods from 145% to 30% for 90 days
In a significant de-escalation of trade hostilities, the United States has agreed to reduce tariffs on Chinese goods from 145% to 30% for a period of 90 days.
According to the in information, in a reciprocal move, China has lowered its tariffs on U.S. imports from 125% to 10%, also for 90 days.
The temporary tariff rollbacks mark a rare moment of cooperation between the two economic superpowers after months of mounting tensions and retaliatory measures. The move is expected to provide short-term relief to businesses and markets that have been heavily impacted by the prolonged trade war.
Analysts say the 90-day window could serve as a critical opportunity for both sides to negotiate a longer-term resolution or at least prevent further economic escalation.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
