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Tag: constitutional trade powers
U.S. and China Slash Tariffs in Temporary Trade Truce: A Comprehensive Analysis
U.S. and China Slash Tariffs: In a significant development in international trade relations, the United States and China have agreed to a 90-day reduction in tariffs, marking a temporary truce in their ongoing trade conflict. This agreement, reached after intensive negotiations in Geneva, reduces U.S. tariffs on Chinese goods from 145% to 30% and lowers China's tariffs on U.S. goods from 125% to 10% . The truce aims to provide a window for both nations to negotiate a more permanent resolution to their trade disputes.