Trump Announces China-US Trade Deal: Tariffs Reduced, Barriers Suspended

China and the US have reached a temporary agreement to reduce tariffs and suspend trade barriers for 90 days. This deal, announced by former President Trump, promises to benefit both countries. Trump stated, "China will also suspend and remove all of its non-monetary barriers." The US will lower tariffs on Chinese goods to 30%, while China will reduce tariffs on American goods to 10%. This agreement marks a significant step towards easing trade tensions between the two economic giants. While details of the agreement are still emerging, this development is likely to have a positive impact on global trade and economic stability.