China Tariff Truce Provides Some Optimism
Word of a 90-day thawing out in the U.S.-China trade war sent markets up Monday morning as the reciprocal triple-digit levies are set to roll back on Wednesday, though analysts remain uncertain about how talks will play out over the next three months. Marathon trade talks in Switzerland over the weekend resulted in Monday’s news that the U.S. would cut its China tariffs from 145% to 30%, while China will drop its U.S. levies from 125% to 10%. The 30% figure is made up of the 10% universal tariff combined with ... Log in to view full article.