Kenya says it has finalised trade deal negotiations with China
The US and China have reached a deal to roll back most of their recent tariffs and pause trade disputes for 90 days. The agreement includes the US dropping its 145% tariff rate on Chinese goods to 30% and China lowering its rate on US goods to 10%.
US and Chinese officials announced a deal to reduce tariffs and pause trade disputes. The US will drop its 145% tariff rate on Chinese goods to 30%. China will lower its rate on US goods to 10%. The deal aims to resolve trade disputes between the two countries. Talks were held in Geneva, with US Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng participating. A joint statement will be released with further details.
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