The United States and China agreed mutual 90 days reduction on definitions It was implemented in April, which represents an important attempt to cancel the escalation of the trade war between the world’s largest economist.
The deal has been ignored by American and Chinese officials in Geneva during the weekend, and the United States will witness reducing imports on Chinese imports from 145 percent to 30 percent, and China has reduced customs tariffs on American goods to 10 percent, a decrease of 125 percent. This new agreement does not change Remove the minimum exemption on May 2Which closed the tariff gap that allowed companies like Timo and Shane To import low -value goods to the United States without paying any duties at all.
“We have concluded that we have a common interest.” A press conference in Geneva. “We want a more balanced trade, and I think that both sides are committed to achieving this. None of the parties want a detailed chapter.”
Stopping for 90 days aims to save time for the two countries to negotiate a final trade deal.
