US and China agree to slash tariffs for 90 days

After the talks in Geneva, the United States and China agreed to be lower tariffs significantly for the next 90 days White House has been declared. The goal is to increase Current Trade War Allow talks to achieve the “sustainable, long-term and mutually beneficial economic and trade connection” of both parties, and in a joint statement.

The United States will temporarily reduce tariffs from 145 to 30 percent to Chinese goods (10 percent of 20 percent of the entity). Meanwhile, China will cut down from 125% to 10 percent to 10 percent to American imports. It was not exactly how it would affect the prices Electronic goods Like smartphones, computers, cameras and drones, come to America from China.

News S & P increased by 2.8 percent in a few hours after a few hours of futures and increased by 0.7 percent compared to other currencies. “We want a more balanced trade and think that both sides are trying to achieve this,” he said. US Treasury Secretary Scott Bessent. “No party wants to make a complaint.”

The impact of tariffs for the price of US consumer goods has recently been brought to the house with the news of DJI The price has increased Popular Osmo Pocket 3 is from $ 520 to $ 800 in recent months to $ 800 to 3. Considering the rhetoric between high tariffs between the high tariffs, such an important decrease comes as a surprise. “It’s better than I expected. I thought the tariffs would be cut in somewhere, and it is lower,” said economist Zhiwei Zhang Reuters.