US-China Tariff Deal: A 90-Day Truce or Lasting Peace?

US and China Reach Tariff Reduction Deal: A 90-Day Breakthrough? A surprising agreement between the United States and China has led to a significant reduction in tariffs on goods traded between the two economic giants. The US has lowered tariffs on Chinese goods from a peak of 145% to 30%, while China has reduced its tariffs on American goods from 125% to 10%. This temporary 90-day deal, reached in Switzerland, has sent shockwaves through global markets. "The markets are already going crazy," says Dylan Page, a social media commentator who broke the news. While the long-term implications remain to be seen, the immediate effect has been a boost in stock markets in both countries. The agreement marks a potential turning point in the trade war between the two nations, offering a glimmer of hope for improved economic relations.