As a result of negotiations in Switzerland, the U.S. and China have reached an agreement to temporarily reduce export duties imposed on each other during the trade war for a period of 90 days. U.S. Treasury Secretary Scott Bessent announced that Washington and Beijing will lower tariffs by 115%.The talks, which Bessent described as «productive and constructive,» were the first since the U.S. President Donald Trump imposed high tariffs on Chinese imports. At that time, Trump set a tariff of 145% ... Read More
