Countries to lower reciprocal tariffs by 115% as US treasury secretary says \u2018neither side wants a decoupling\u2019. Plus, meet the TV and film stars who didn\u2019t even act<\/p>\n
Good morning.<\/p>\n
China and the US have agreed a 90-day pause to the deepening trade war that has threatened to upend the global economy, with reciprocal tariffs to be lowered by 115%.<\/p>\n
What does the 90-day pause apply to?<\/strong> Donald Trump\u2019s tariffs ultimately escalated to 125% on Chinese imports, with Beijing responding with equivalent measures. With the new deduction, Chinese duties on US goods will be lowered to 10%, while the US tax on Chinese goods will be lowered to 30% (as the US tariffs include a 20% rate imposed by Trump before the latest trade war).<\/p>\n Was there any immediate reaction?<\/strong> China\u2019s yuan jumped to a six-month high on the signal that the trade war would be paused. Up to 16m jobs were at risk in China<\/a>, according to some estimates, while the US faced rising inflation and empty shelves thanks to dizzying tariffs on the biggest supplier of US goods.<\/p>\n When was the last time the two leaders spoke? <\/strong>They have not spoken directly since Russia launched its full-scale invasion of Ukraine, and there have been no publicly known talks between Moscow and Kyiv since March 2022, shortly after the war began.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Countries to lower reciprocal tariffs by 115% as US treasury secretary says \u2018neither side wants a decoupling\u2019. Plus, meet the TV and film stars who didn\u2019t even act Good morning. China and the US have agreed a 90-day pause to the deepening trade war that has threatened to upend the global economy, with reciprocal tariffs … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41254","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/41254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=41254"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/41254\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=41254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=41254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=41254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}