The US and China have agreed to put a 90-day halt on levying new tariffs while working towards lowering existing tariffs announced US Treasury Secretary Scott Bessent.
“An agreement has been reached with China on a 90-day pause, and to substantially move down tariff levels,” he stated.
The US-China trade talks took off over the weekend and it was announced that the deal has been reached with official announcement on Monday.
As part of the deal, the US would reduce the tariff levy of as much as 145 per cent on China imports to 30 per cent.
Global markets react to US-China trade deal
On the move, US index futures also showed quick exuberance with Nasdaq futures moving higher up to 4 per cent, while European markets also traded strong.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
