The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period, in a surprise breakthrough that has de-escalated a punishing trade war and buoyed global markets.
Keep in mind this is just a 90 day rollback that resulted from a weekend meeting. Actual trade deals take longer to hammer out and this buys time to do that without inflicting months of unnecessary economic damage to either party.
Keep in mind this is just a 90 day rollback that resulted from a weekend meeting. Actual trade deals take longer to hammer out and this buys time to do that without inflicting months of unnecessary economic damage to either party.