News
‘Total reset’: U.S. and China agree to lower tariffs
U.S. and China agree to major tariff cuts to 10% after Geneva talks, signaling a shift towards cooperation, though a 20% fentanyl-related tariff remains.
U.S. and China agree to major tariff cuts to 10% after Geneva talks, signaling a shift towards cooperation, though a 20% fentanyl-related tariff remains.
The U.S. and China have reached a major breakthrough, agreeing to sharply reduce tariffs following high-stakes meetings in Geneva.
President Trump’s tariffs on Chinese goods will drop from 125% to just 10%, while China will reciprocate by slashing its retaliatory tariffs on American exports to 10%.
However, a separate 20% tariff tied to China’s alleged role in the fentanyl trade will remain in place.
The move signals a clear shift from conflict to cooperation, after years of economic tension that rattled global markets.
Stay updated with the latest trade developments: https://www.youtube.com/@UCiMroZIXuwlSh1r5wZdeU6Q
#TradeDeal #USTariffs #ChinaTariffs #TrumpNews #FentanylCrisis #TickerNews #GlobalTrade #USChinaRelations #TariffReduction #GenevaTalks