America And there has been a big trade deal between China. Both countries have reduced tariffs on products from each other countries to a great extent. China has proposed to reduce tariffs from 125 per cent to 10 per cent for 90 days on products coming from the US. At the same time, the US has proposed to reduce tariffs on Chinese products from 145 per cent to 30 per cent during trade talks in Geneva.
Trade tension reduced
According to a joint statement released in Geneva, the world’s largest two economies have agreed to temporarily reduce tariffs on goods manufactured in both countries. This is the first step towards reducing trade tension between the US and China after the announcement of reciperook tariff by Donald Trump on 2 April.
Talk on Fantanil too
Treasury Secretary Scott Besant said, “There was a very strong and productive discussion on our steps on our fantanil.
Trump gave information
Earlier on Sunday night, US President Donald Trump had informed about the trade deal with China on his Truth social media account. They have also attached the agreement letter in it. It states that the US announces a trade agreement with China in Geneva. In this agreement, Treasury Secretary Scott Besent has been quoted as saying, “I am happy to report that we have made enough progress in very important business talks between the United States and China. First I want to thank my Swiss hosts first. The Swiss government has shown a lot of kindness by giving us this amazing place and I think it has given us a lot of productivity.”
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