#TradeDeal #USChina #Tariffs
The United States and China have reached an agreement to reduce additional tariffs by 15%. According to a joint statement from both countries, over the next 90 days, tariffs will be reduced by 15%, bringing Chinese tariffs to the US down to 10% and American tariffs on Chinese goods will also decrease. This agreement aims to ease tensions in the ongoing trade war between the two economic powerhouses.
This development comes after months of escalating trade disputes that have had significant impacts on global markets and industries. The reduction in tariffs is seen as a positive step towards de-escalating trade tensions and fostering better economic relations between the US and China.
Ramesh Khatri, a representative of Kansai Nepal News, commented on the news, stating that this agreement marks a significant breakthrough in the US-China trade relations. He believes that reducing tariffs will benefit businesses and consumers in both countries, leading to improved market conditions and increased trade opportunities. Khatri also emphasized the importance of continued dialogue and cooperation between the US and China to address trade issues and promote sustainable economic growth.
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Author: MAYA | HARUTO
Posted at: May 12, 2025 7:00 pm
