INTEGRITY IN WRITTEN AND VIDEO NEWS, featuring newsOS integration and a growing interactive community of interested and increasingly well-informed readers and viewers who help make us who we are… a truly objective news media resource with full disclosure of bias, fact-checking, voting, polling, ratings, and comments. Learn about our editorial policies and practices (below). Join us today by subscribing to either our FREE MEMBERSHIP plan, or our PLATINUM PAID SUBSCRIPTION plan; each plan offers an unparalleled suite of benefits to our subscribers. U.S. DAILY RUNDOWN:Your News, Your Voice.
Tag: tariff reduction
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.
Navigating the New US-UK Trade Agreement: Legal, Economic, and Policy Implications
On May 9, 2025, the United States and the United Kingdom announced a new trade agreement, marking a significant development in transatlantic relations. This deal, the first major trade agreement under President Donald Trump's second term, aims to reduce tariffs and enhance economic cooperation between the two nations .
The agreement includes provisions such as a reduced 10% tariff on 100,000 UK cars exported to the US and increased access for US beef and ethanol producers to the UK market . While both governments tout the deal as a diplomatic success, it has sparked debates over its legal structure, economic benefits, and alignment with international trade norms.