Washington D.C. - In a move that signals a potential thaw in trade relations, the United States and China have agreed to suspend the implementation of new tariffs for 90 days. The agreement, announced by the White House, aims to provide a window for continued negotiations between the two countries.
During this 90-day period, both sides will work to address concerns regarding trade imbalances and intellectual property rights. The suspension primarily affects tariffs that were scheduled to take effect in the coming months. Existing tariffs will remain in place during the negotiation period.
Experts are cautiously optimistic about the agreement, noting that while the pause is a positive step, significant challenges remain in reaching a long-term trade deal. The outcome of the negotiations will have a significant impact on the global economy and businesses operating in both countries.
US and China Pause Tariffs for 90 Days to Continue Trade Talks
The United States and China have agreed to a 90-day pause on implementing new tariffs. This temporary agreement aims to allow both countries to continue negotiations on trade imbalances. The White House confirmed the suspension of most tariffs imposed in recent months. Officials hope this period will lead to a more comprehensive trade deal between the two economic giants.
Source: Read the original article at CBS