China and the United States have agreed to temporarily reduce tariffs on each other's products for 90 days while continuing trade negotiation. teleSUR
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00:00China and the United States have agreed to reduce tariffs on each other's products for 90 days,
00:06as well as the establishment of an economic and trade consultation mechanism.
00:11U.S. Treasury Secretary Scott Besant said on Monday that both countries agreed to reduce
00:16reciprocal tariffs by 115%, so that Chinese imports will pay a 30% levied, while U.S. products
00:26will pay 10%. He also described the talks with China as a solid affirmation that both sides
00:32showed great respect. For his part, the Chinese vice-premier He Le Fing assured that they had
00:39a sincere, deep and constructive meeting, something his nation had requested from his U.S. counterpart
00:46before the beginning of the encounters.