US and China reach deal to slash trade tariffs

US and China reach deal to slash trade tariffs<br /><br />The United States and China said on Monday, May 12, they have agreed a deal to slash reciprocal tariffs for now as the world's two biggest economies seek to end a trade war that has disrupted the global outlook and set financial markets on edge.<br /><br />Speaking after talks with Chinese officials in Geneva, US Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.<br /><br />REUTERS VIDEO<br /><br />Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br />Visit our website at https://www.manilatimes.net <br /> <br />Follow us: <br />Facebook - https://tmt.ph/facebook <br />Instagram - https://tmt.ph/instagram <br />Twitter - https://tmt.ph/twitter <br />DailyMotion - https://tmt.ph/dailymotion <br /> <br />Subscribe to our Digital Edition - https://tmt.ph/digital <br /> <br />Check out our Podcasts: <br />Spotify - https://tmt.ph/spotify <br />Apple Podcasts - https://tmt.ph/applepodcasts <br />Amazon Music - https://tmt.ph/amazonmusic <br />Deezer: https://tmt.ph/deezer <br />Stitcher: https://tmt.ph/stitcher<br />Tune In: https://tmt.ph/tunein<br /> <br />#TheManilaTimes<br />#WorldNews<br />#USA<br />#China