US Cuts Tariffs on Chinese Goods: 90-Day Deal Sparks Hope for Fair Trade

US and China Trade Deal: Tariffs Reduced to 30% for 90 Days The United States and China have reached a deal to slash tariffs, according to officials. The move reduces tariffs on Chinese goods to 30 percent, a significant decrease from previous levels. This temporary reduction is in effect for 90 days, giving both nations time to negotiate a more permanent trade agreement. The news has been welcomed by many businesses, particularly those involved in e-commerce and importing goods from China. "This is very, very positive news for the markets and Amazon sellers," says Luke Basha, an e-commerce expert, in a recent video discussing the tariff update. He notes that while the 30 percent tariff is more sustainable than previous rates, businesses should still consider diversifying their sourcing to mitigate future risks. The 90-day period will be crucial for both countries to finalize a long-term trade agreement. The reduction in tariffs is seen as a positive step towards improving trade relations and fostering economic cooperation between the two major global powers. The outcome of these negotiations will have significant implications for global trade and the economies of both nations.