US and China Reach Temporary Trade Truce Amid Tensions
TL;DR
The US will cancel 10% fentanyl tariffs and suspend 24% reciprocal tariffs on Chinese goods for a year, while China will adjust its countermeasures accordingly, following recent trade talks in Kuala Lumpur that aimed to improve bilateral economic relations and stability.
- US to cancel 10% so-called ‘fentanyl tariffs,’ suspend 24% reciprocal tariffs against China for a year: MOFCOM Global Times
- A Trump-Xi trade deal won’t fix either country’s economy CNN
- Trump leaves meeting with China promising a tariff lowering and some near-term stability in the relationship Yahoo Finance
- Trump and Xi strike trade truce: 5 key takeaways from the South Korea summit Fox Business
- A trade truce, a nuclear threat: What to make of the Trump-Xi meeting vox.com
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