13May 2025
US-China Agree to Temporary Tariff Truce Deal
US-China Agree to Temporary Tariff Truce Deal Why in the News ? The US and China have agreed to a 90-day pause in their trade war following talks in Geneva, temporarily reducing tariffs and non-tariff barriers. This truce comes amid economic strain and growing fears of recession and stagflation. Background of the Tariff War: Trade …
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