Market Chatter: Chinese State Media Suggests Extending 90-Day US-China Trade Truce
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Chinese state media suggests extending the 90-day US-China trade truce agreed upon recently. The US will reduce tariffs on Chinese goods from 145% to 30%, while China will cut its tariffs on US imports from 125% to 10%. Additionally, China will pause or remove non-tariff countermeasures against the US. Both nations met in South Korea, but details of their discussions remain undisclosed.
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