China and US agree to slash tariffs for 90 days
The weekend agreement to reduce tariffs to 10% in China and 30% in the US is good news for companies, markets, and the US dollar; however it excludes the de minimis clause.
China and the US have decided to slash tariffs on each other’s imports for 90 days. China have reduced their tariffs to 10% on US imports, while the US had reduced its tariffs on Chinese imports to 30%, with some exceptions.
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