Video
Treasury Secretary Scott Bessent has announced a 90 day pause on most of the tariffs imposed by China, and the US and says future discussions are being planned to solidify a permanent deal.
Both countries have lowered their baseline tariff rates by 115 percent however the 20 percent fentanyl-related tariff from the US remains.
Bessent and U.S. Trade Representative Jamieson Greer met with Chinese officials in Switzerland over the weekend to discuss a temporary agreement that would prevent anymore upward tariff pressure before talks for a more permanent solution.
Why not read...
- Handful of countries exempt from Trump's tariffs - people aren't happy
- Tariff Tilly Doll: The Daily Show take make fun of Mattel v Trump
Sign up for our free Indy100 weekly newsletter
How to join the indy100's free WhatsApp channel
Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings