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US and China Reach Deal to Slash Tariffs

The 90-day pause will significantly reduce reciprocal tariffs between the two countries, offering a temporary reprieve from an increasingly intense trade war.
Fashion was rocked by Trump's tariff announcements, which directly impact some of the  industry's biggest manufacturing hubs.
Fashion was rocked by Trump's tariff announcements, which directly impact some of the industry's biggest manufacturing hubs. (Getty Images)

The United States and China have agreed a deal to temporarily slash reciprocal tariffs as the world’s two biggest economies seek to end a damaging trade war that has stoked fears of recession and set financial markets on edge.

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