this post was submitted on 12 May 2025
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US and China agree to drastically roll back tariffs in major trade breakthrough (www.cnn.com)
submitted 2 days ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml
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[–] RuthBaderGonesburg@hexbear.net 12 points 1 day ago

Keep in mind this is just a 90 day rollback that resulted from a weekend meeting. Actual trade deals take longer to hammer out and this buys time to do that without inflicting months of unnecessary economic damage to either party.