U.S., China slash tariffs in 90-day agreement to ease trade war

The United States and China have agreed to ease trade tensions by rolling back tariffs for 90 days. This move comes after recent talks between both countries in Geneva. U.S. Treasury Secretary Scott Bessent announced that the United States will reduce its tariffs on Chinese goods, dropping the rate from 145% to 30%. In return, China will cut its tariffs on American products from 125% to 10%. The agreement is seen as a temporary step to calm the ongoing trade dispute between the world`s two largest economies. Watch video to know more.