Washington D.C. - In a move signaling a potential thaw in trade relations, the United States and China have announced a temporary reduction in tariffs. The US has agreed to lower its 145% tariff on certain Chinese goods to 30% for a period of 90 days. This decision is intended to facilitate more productive discussions during upcoming trade negotiations.
Sources familiar with the matter indicate that both sides hope the reduced tariffs will foster a spirit of cooperation and allow for meaningful progress on key issues. The negotiations are expected to address topics such as intellectual property protection, market access, and trade imbalances.
The announcement coincides with President Trump's planned foreign trip, his first major international excursion of the term. Separately, reports have surfaced regarding a controversial gift offered to the President: a luxury jumbo jet from Qatar. The White House has not yet commented on the matter.
US and China Agree to Tariff Reduction During Trade Talks
The United States and China have agreed to lower tariffs significantly for a 90-day period. This temporary reduction aims to create a more favorable environment for ongoing trade negotiations between the two countries. The agreement comes as President Trump prepares for an international trip. Discussions are expected to cover a range of trade-related issues.
Source: Read the original article at NBC