"The agreement to cut tariffs for 90 days signifies an unexpected rapid resolution of trade tensions between the US and China amidst escalating economic conflicts."
"The truce, marking a dramatic pivot in US-China trade relations, was reached after intensive talks in Geneva, highlighting mutual economic interests."
The United States and China have struck a 90-day agreement to reduce high tariffs, marking a significant turnaround in ongoing trade hostilities. This resolution, reached quicker than anticipated, follows a period of escalating tensions initiated by President Trump's tariff actions earlier in the year. Negotiations in Geneva led to a bilateral acknowledgement of the importance of their economic relationship, resulting in US tariffs dropping to 30% and Chinese tariffs to 10%. The move sparked a rally in stock markets, though questions remain regarding which side made greater concessions.
Read at www.aljazeera.com
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