US, China to Slash Tariffs During 90-Day Reprieve
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.The US and China will temporarily lower tariffs on each other’s products in a dramatic ratcheting down of trade tensions that buys the world’s two largest economies three months to work toward a broader agreement.The combined 145% US levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14, while the 125% Chinese duties on US goods will drop to 10%, according to a joint statement and from officials in a briefing Monday in Geneva.“Both sides agree we do not want a…
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