Tariffs Lowered US China Begin Talks

US and China Agree to Temporary Tariff Reduction, Open 90-Day Negotiation Window

• The US and China have agreed to reduce tariffs on each other’s goods for 90 days.
• The US will lower its tariffs on most Chinese imports from 145% to 30%.
• China will cut its tariffs on US goods from 125% to 10%.
• Negotiations will be led by He Lifeng, Scott Bessent, and Jamieson Greer.
• Bitcoin surged to $105,800 following the announcement before settling around $104,400.

The US and China have temporarily reduced tariffs, creating a 90-day window for trade negotiations. The US will lower tariffs on Chinese imports from 145% to 30%, while China reduces its levies from 125% to 10%. Bitcoin briefly surged past $105,000 following the news.