US-China Trade Deal: Tariffs Slashed by 115% in Historic 90-Day Agreement to Ease Tensions
A significant reduction in reciprocal tariffs in a recent US-China Trade Deal: Tariffs Slashed by 115% in Historic 90-Day Agreement to Ease Tensions. In a surprising turn of events, the United States and China have agreed to cutting combined duties by 115% for a period of 90 days offering a much-needed breather in the long-running US-China trade war. The deal, finalized during weekend trade talks in Geneva.