Compromise. The United States and China agreed to slash duties on imports for an initial 90-day period following high-level talks in Geneva over the weekend. U.S. Treasury Secretary Scott Bessent said both sides would lower tariffs by 115 percent. (In April, the U.S. imposed 145 percent duties on Chinese goods, while China imposed 125 percent […]
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Daily Memo: US-China Trade Deal, Russia-Ukraine Peace Talks
While progress has been made, obstacles remain on both fronts.
