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 agreed to a 90-day pause to resolve their trade disputes. 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 reached a deal to roll back tariffs. 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 was announced after talks in Geneva. The tariffs were imposed last month, prompting a trade war. The agreement establishes a consultation mechanism for trade and economic issues.
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