US and China agree to significant tariff reductions in 90-day trade war truce

But a tremendous amount is at stake for the US and the global economy.

The US and China say they’ll temporarily reduce the tariffs they added to each other’s imports starting Wednesday.
In a joint statement they say they’ll each cut them by 100 and 15 percentage points for 90 days. The countries say they’re committing to ongoing trade talks during that time. The announcement comes after officials spent the weekend negotiating in Switzerland. The US economy is reeling from President Donald trump’s 100 and 45 percent tariff hike on many Chinese imports and china’s retaliation. Goldman Sachs now predicts a key inflation gauge effectively will double by year’s end. The National Retail Federation forecast at least a 20 percent drop in US import’s yearoverye in the second half of 2025. We have right now no ships leaving China for the West Coast. That’s the first time we’ve seen that since the COVID pandemic. We are hearing retailers talk about empty store shelves within weeks. Experts say negotiating the finer details of trade deals can take months or years. They say implementation also requires time. The global economy is not a light switch. You can’t just turn off and off the uschna economic relationship and then expect there’s not going to be some short circuiting. I’m in Safeerupdates.com

The US and China say they’ll temporarily reduce the tariffs they added to each other’s imports starting Wednesday.

In a joint statement they say they’ll each cut them by 100 and 15 percentage points for 90 days. The countries say they’re committing to ongoing trade talks during that time. The announcement comes after officials spent the weekend negotiating in Switzerland. The US economy is reeling from President Donald trump’s 100 and 45 percent tariff hike on many Chinese imports and china’s retaliation. Goldman Sachs now predicts a key inflation gauge effectively will double by year’s end. The National Retail Federation forecast at least a 20 percent drop in US import’s yearoverye in the second half of 2025. We have right now no ships leaving China for the West Coast. That’s the first time we’ve seen that since the COVID pandemic. We are hearing retailers talk about empty store shelves within weeks. Experts say negotiating the finer details of trade deals can take months or years. They say implementation also requires time. The global economy is not a light switch. You can’t just turn off and off the uschna economic relationship and then expect there’s not going to be some short circuiting. I’m in Safeerupdates.com

In a joint statement they say they’ll each cut them by 100 and 15 percentage points for 90 days. The countries say they’re committing to ongoing trade talks during that time. The announcement comes after officials spent the weekend negotiating in Switzerland. The US economy is reeling from President Donald trump’s 100 and 45 percent tariff hike on many Chinese imports and china’s retaliation. Goldman Sachs now predicts a key inflation gauge effectively will double by year’s end. The National Retail Federation forecast at least a 20 percent drop in US import’s yearoverye in the second half of 2025. We have right now no ships leaving China for the West Coast. That’s the first time we’ve seen that since the COVID pandemic. We are hearing retailers talk about empty store shelves within weeks. Experts say negotiating the finer details of trade deals can take months or years. They say implementation also requires time. The global economy is not a light switch. You can’t just turn off and off the uschna economic relationship and then expect there’s not going to be some short circuiting. I’m in Safeerupdates.com

That’s the first time we’ve seen that since the COVID pandemic. We are hearing retailers talk about empty store shelves within weeks. Experts say negotiating the finer details of trade deals can take months or years. They say implementation also requires time. The global economy is not a light switch. You can’t just turn off and off the uschna economic relationship and then expect there’s not going to be some short circuiting. I’m in Safeerupdates.com