The United States and China, after Switzerland mediated trade talks between the nations, announced a 90 day relief from trade tariffs, reducing Chinese imports to 30% tariffs. China reduced it's tariffs to 10% for the same 90 day period on American imports.
Similar to the tariff deal with the United Kingdom, this is not actually a trade deal. It's a postponement of the trade war while, hopefully, the two nations ratchet down the trade issues created by Donald Trump.
I do not credit Trump with anything here, because there is no actual deal. It's a cease fire in a trade war, mediated by Switzerland.
https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/
Comments
Post a Comment