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The United States and China have agreed to temporarily delete temporary tariffs because the two largest economies of the world are trying to end a harmful trade war that tarnishes the victims of the recession.
Speaking after talks with representatives of the US Treasury Scott Bessent in Geneva, the two sides agreed with the 90-day break on the events and the tariffs will fall to the initial rate of tariffs between 100% and 10 percent of tariffs.
“Both countries represent national interests very well,” he said on Monday. “We are both interested in balanced trade, and the United States will move towards it.”
The dollar eliminated the news against major currencies and markets, which has eliminated the news that the US President Donald Trump has increased tariff measures aimed at shrinking the US trade deficit.
Previously | US officials claim that a contract is close to two days with China:
In response, the United States talks and two days of close trade talks with China, ‘major progress’ and a contract is close to the fact. Beijing has hit a more protected tone, but called the talks ‘substantial’.
Bessent talked to Jamieson Greer, after the talks in Switzerland, Jamieson Greer.
“This weekend, the consensus of both delegates wants to do a complaint.” “And what happened with these very high tariffs … It was an embargo equivalent and asked for no party. We want to trade.”
Geneva meetings have been back to Donald Trump from the US President Donald Trump, and global tariff Blitz has launched a global tariff blitz by applying especially over China.
After the beginning of January, Trump, in the first time, in addition to many Chinese goods and Biden management, many Chinese goods toured the tariffs paid by importers from the United States.
Very rare land elements for Chinese weapons and electronic consumer goods manufacturers, the tile exported to some rare land elements, which raised the tariffs of US goods, withdrawal.
The tariff dispute brought about $ 600 billion trade in two-way trade to stop, stop a parking chains, stop and disrupt some fires.
The financial markets filled with the latest melting and wall stock futures in the trade war and the global decline in the negotiations.
“It’s better than I expected. I thought that the tariffs will be cut together in a place of about 50 percent,” he said, “said the chief economist in Pinpoint Asset Management in Hong Kong.
“It is clear that this is a very positive news for economies in both countries and the global economy, and investors are less concerned about damage global supply chains,” Zhang added.
After the talks on Sunday, US officials eliminated the US official to reduce the trade deficit, and Chinese officials have reached the “important consensus” and the new economic dialogue has launched a new economic forum.
Trump, the two sides “a resetting, friendly but constructive, behavioral” negotiations, the talks have given a positive reading.
After the US President, the National Emergency Emergency was declared a national extraordinary emergency on the United States, Greer, the deadly opioidin said that the movements on the shelves of deadly opioid.
China’s vice premiere, Lifeng, declarations were less classified, but after the talks in the heavens, “Significant progress” after the talks in the secret villas of the United Nations, which looked at the Swiss Lake of Geneva.
