

China and the United States agreed to de-escalate their trade war by significantly lowering tariffs for each other and forming a mechanism to start a trade negotiation in the next 90 days. According to a US-China joint declaration released on Monday, the US will reduce its tariffs on Chinese goods from 145% to 30%. This [...]The post US eases trade war, pursues ‘strategic decoupling’ from China appeared first on Asia Times.