US Tariff War: Major Agreements and the EU’s Push for Trade Resolution

Post Views: 671 US tariffs The US Trade Deals: Significant Shifts in Tariff Policy In May, the US made strides toward easing trade tensions by reaching an agreement with China. The deal, termed a “tariff truce,” reduces US tariffs on Chinese goods from 145% to 30%. In return, China agreed to cut tariffs on American imports from 125% to 10%. This agreement marks a shift toward diplomacy, suspending or canceling certain non-tariff measures China had previously placed on US goods. The move is considered a breakthrough after months of escalating tariff disputes. Meanwhile, the UK has s...