The United States and China today agreed to roll back tariffs for 90 days on a variety of goods traded between the two economic partners. The cooling off period will allow for continued negotiations between the countries.
According to reporting in The Wall Street Journal, President Trump’s reciprocal tariffs on China will fall from 125% to 10%. A separate 20% tariff the president imposed for what he has described as China’s role in the fentanyl trade will remain. In response, China will cut its retaliatory tariffs to 10% from 125%.
This is a developing story.
