China and U.S. agree to reduce tariffs on each other products

teleSUR English

China and the United States have agreed to temporarily reduce tariffs on each other's products for 90 days while continuing trade negotiation. teleSUR

Transcript

00:00China and the United States have agreed to reduce tariffs on each other's products for 90 days,

00:06as well as the establishment of an economic and trade consultation mechanism.

00:11U.S. Treasury Secretary Scott Besant said on Monday that both countries agreed to reduce

00:16reciprocal tariffs by 115%, so that Chinese imports will pay a 30% levied, while U.S. products

00:26will pay 10%. He also described the talks with China as a solid affirmation that both sides

00:32showed great respect. For his part, the Chinese vice-premier He Le Fing assured that they had

00:39a sincere, deep and constructive meeting, something his nation had requested from his U.S. counterpart

00:46before the beginning of the encounters.

Category

Transcript

Recommended