The United States and China agree to reduce the 90 -day customs tariff

On Monday, the United States and China agreed to suspend most of the customs tariffs on each other’s goods in a move that shows a great melting in trade tensions between the world’s largest economists.

The commercial agreement means that the “mutual” definitions between the two countries will be reduced from 125 % to 10 %. US 20 % duties on Chinese imports It will remain in place, which means that the total customs tariff for China stands by 30 %.

This penetration comes after the United States, and trading representatives in China made high -risk conversations in Switzerland during the weekend.

“We have had very fruitful talks and I think the place, here in Lake Geneva, has added to a large extent that it was a very positive process,” US Treasury Secretary Scott Bessin told a press conference.

“We have reached an agreement on a 90 -day stand and we significantly move the tariff levels. Both sides on mutual tariffs will transfer their tariff to a 115 % decrease,” Pesint said.

China and the United States said it will continue to discuss economic and trade policy.

Investors were raised by the news of the customs tariff. United States, Nasdak futures He pointed to a profit of 3.6 %, with S & P 500 Futures are 2.8 % higher and Dao An increase of approximately 1000 points, or 2.3 %.

the Ice dollar index It also rose sharply. The index, which measures the US dollar against the global currency basket, was 1.3 % to 101.63.

Else Right by 0.7 % During early morning deals.

This is an urgent news story and will be updated soon.