Americas

US and China agree to cut tariffs by 115% for 90 days

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US and China agree to cut tariffs by 115% for 90 days

US and China have agreed to cut tariffs by 115% for 90 days, after trade talks were held in Geneva from May 10 to 11. The US had lifted its tariffs on Chinese imports to 145%, while China imposed 125% tariffs on US imports prior to the agreement. US treasury secretary Scott Bessent told reporters ...

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