Trump, China agree to slash tariffs for 90 days
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China has removed a monthlong ban on airlines taking delivery of Boeing planes, according to people familiar with the matter.
The lead U.S. negotiator in trade talks with China cheered “a great deal of productivity” in resolving differences between the world’s two leading economic powers, after officials wrapped two days of bargaining in Switzerland following President
After two days of high-stakes talks in Switzerland, trade negotiators from the world’s biggest economies announced a massive if temporary de-escalation of tariffs, with the US slashing duties on Chinese products to 30% from 145% and Beijing dropping its levy on most goods to 10%.
Semiconductors, and Nvidia in particular, find themselves at the heart of the tension between the world’s two biggest economies.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”