US and China Reach 90-Day Tariff Truce

The United States and China have reached a significant agreement to temporarily roll back tariffs on each other's goods. The deal, announced Monday morning, will see the US lower tariffs on Chinese goods from 145% to 30%, while China will reduce tariffs on American imports from 125% to 10%. This 90-day agreement follows a weekend of intense trade talks in Geneva, Switzerland. The agreement is a significant development, given the recent shortage of goods from China that had some American stores facing empty shelves. While the video does contain some claims that need verification, the agreement itself is a major development and warrants further investigation. The agreement could be a positive step towards improved trade relations between the two countries, and it will be interesting to see how it impacts global markets and supply chains in the coming months.