De-escalation of trade war: US, China agree to slash reciprocal tariffs by 115% for 90 days

The United States and China have agreed to slash reciprocal tariffs by 115 per cent for 90 days. The development comes after days of talks. In the meantime, China will impose 10 per cent tariffs on US goods, and the US will tax Chinese goods at about 30 per cent.

World