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@ Yahoo! Finance - by layer3.news
2025-05-16 06:48:31
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✍️ The US and China have reached a short-term agreement to reduce tariffs on both sides, leading to a rally in equities and a decline in crypto markets.
👉 US and China agree to reduce tariffs on both sides
👉 Suspension of retaliatory tariffs and non-tariff countermeasures
👉 US to maintain 10% baseline tariff, China to drop tariffs to 10% from 125%
👉 Deal has a 90-day window
#ScottBessent #JamiesonGreer #HeLifeng #Geneva #US #China #politics
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