US and China agree to slash tariffs for 90 days

The US and China have agreed a deal that will significantly cut the import tariffs, or taxes, both sides have imposed on one another for a 90-day period.US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days.The announcement came after the two countries held intensive talks in Switzerland over the weekend.It was the first meeting between the two countries…