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The temporary reprieve will slash the U.S. tariff on Chinese goods from 145 percent to 30 percent.
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Trump says China will 'open up' to U.S. businesses, suspend trade barriers CNBCU.S. and China Reach Deal to Temporarily Slash Tariffs The New York TimesSchumer: China ‘got the better of Trump' The HillFact Sheet: President Donald J. Trump Secures a Historic Trade Win for the United States The White House (.gov)Faisal Islam: US and China step back from brink BBC
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Stocks soared — and businesses breathed a sigh of relief — as the U.S. and China agreed to temporarily slash their triple-digit tariffs.
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