trump trade china tariffs home talks bank progress tariff deal

Wall Street surges after US, China agree to slash tariffs for 90 days in pivotal thaw of trade tensions

Wall Street surges after US, China agree to slash tariffs for 90 days in pivotal thaw of trade tensions

Treasury Secretary Scott Bessent on Monday said talks with China over the weekend in Switzerland had been “very productive,” and announced the two countries had agreed to lower tariff rates by 115% for 90 days.

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