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US and China Reach Deal to Temporarily Slash Tariffs, Easing Slump Fears

Reuters · Emma Farge · last updated
The U.S. will cut extra tariffs it imposed on Chinese imports in April this year to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125%, the two sides said on Monday. The new measures are effective for 90 days.
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