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US and China agree to drastically roll back tariffs in major trade breakthrough (www.cnn.com)

submitted 1 week ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[–] yogthos@lemmygrad.ml 18 points 1 week ago

There was already a 25% tariff on a lot of goods from China before the trade war started. Now they've agreed to a flat 30% tariff, so basically Trump managed to raise tariffs on China by 5%.

https://www.commerce.gov/news/fact-sheets/2024/05/fact-sheet-president-biden-takes-action-protect-american-workers-and

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