Trump team announces trade agreement with China
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Treasury Secretary Scott Bessent said the US and China had agreed a 90-day pause and to "substantially" reduce tariff levels following talks in Geneva.
U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop the 145% tax Trump imposed last month to 30%. China agreed to lower its tariff rate on U.S. goods to 10% from 125%. Greer and Treasury Secretary Scott Bessent announced the tariff reductions at a news conference in Geneva.
The United States and China have reached a trade agreement amid the second day of high-level negotiations, senior officials said Sunday.
Treasury Secretary Scott Bessent /Pete Marovich/Getty Images)(GENEVA) -- The U.S. and China issued a joint statement on Monday announcing an agreement to cut reciprocal tariffs for 90 days, with both
The United States and China announced that tariffs against one another will be reduced for an initial 90-day period following trade talks in Switzerland.
The lead U.S. negotiator in trade talks with China cheered “a great deal of productivity” in resolving differences between the world’s two leading economic powers, after officials wrapped two days of bargaining in Switzerland following President
The United States and China agreed on some preliminary changes to trade, ending a monthslong tariff standoff that worried global markets.