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The United States and China will significantly reduce import tariffs or significantly reduce taxes and applied both sides for a period of 90 days.
US Treasury Secretary Scott Bessent said that both countries will reduce the reciprocal tariffs in 90 days in 90 days.
The announcement came after the two countries after the weekend in Switzerland.
This was the first meeting between the two countries, because US President Donald Trump, in January, received steep tariffs against China in the United States.
President Trump has applied 145% tariffs on Chinese imports, and Pekin responded to some US goods with 125% of Levi.
However, US tariffs for US imports will now fall to 30% in 90 days, and Chinese tariffs on US imports will be cut up to 10% to 10%.
US events are still an additional component aimed at putting pressure on Beijing, an additional component to do illegal trade in Fentanyl, a powerful opioid medicine, is an additional component.
However, US officials said they have surprised China’s readiness to deal with the problem.
“Both countries represent national interests very well,” he said.
“We both have interest in a balanced trade, the United States will continue.”
When the original tariffs are applied, it caused a confusion in financial markets and arises from fear of global decline.
The continuous news of the tariffs caused a ribage in exchanges.
Hong Kong’s Benchmark Hanger Seng index jumped over the announcement of 3% of the day ended. China’s Shanghai Composite Index, Deal Details Closed and 0.8% higher.
European shares opened higher and early indicators that the main US stock markets will open 2-3%.
