US-China: Reaching the deal of decreasing 115% tariffs for 90 days
The most anticipated negotiation result in recent days has been released: the U.S. and China will reduce their total retaliatory tariffs to 30% within 90 days before proceeding with the next steps of negotiations. Mr. Scott Bessent, U.S. Secretary of the Treasury, stated during a press conference on May 12: “We have reached an agreement […]
