US And China Take Step Back From Sky-High Tariffs, Agree To Pause For 90 Days

By AP News

Photos: YouTube Screenshots\Wikimedia Commons

U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day pause to keep talking to resolve their trade disputes. Read more.
Why this matters: U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.
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