U.S. and China Agree to Temporary Tariff Truce

In a bid to ease trade tensions, the U.S. and China have reached a temporary truce, agreeing to suspend most tariffs on each other's goods for 90 days, while cutting the 'reciprocal' tariffs from 125% to 10%, though U.S. duties on Chinese fentanyl imports remain intact.

• The U.S. and China agreed to temporarily suspend most tariffs on each other's goods for 90 days
• The 'reciprocal' tariffs between both countries will be cut from 125% to 10%
• The U.S.' 20% duties on Chinese imports relating to fentanyl will remain in place