The United States and China agree to cut the customs tariffs for 90 days

After negotiations in Geneva, the United States and China agreed to reduce Definitions Greatly during the next ninety days, The White House announced. The goal is to cancel the escalation The current trade war “I leave both parties negotiating to achieve” a sustainable, long -term economic and commercial relationship, “they said in a joint statement.

The United States will temporarily reduce its tariffs on Chinese commodities from 145 to 30 percent (10 percent in addition to the fentanel tax by 20 percent). Meanwhile, China will reduce its tariffs on American imports from 125 percent to 10 percent. It is not exactly clear how this will affect prices Electronics goods Reaching America from China, such as smartphones, computers, cameras and drones.

The news in the post -stock gathering caused the S&P 500 futures by 2.8 percent and the dollar, an increase of 0.7 percent against other currencies. “We want a more balanced trade, and I think that both sides are committed to achieving this,” said US Treasury Secretary Scott Bessin. “None of the sides want a detailed chapter.”

The impact of American definitions on the price of consumer goods was recently brought with news that DJI was Increase the price From the famous Osmo Pocket 3 Gimbal camera from $ 520 to $ 800 in the past few months. Looking at the discourse between nations and the high definitions in the imposed sky, this great reduction comes as a surprise. “This is better than I expected. I thought the definitions would be reduced to a place about 50 percent and that is much lower,” said economist Zhang. Reuters.