How has US-China pause on tariffs impacted Trump's 'plan' and global stock markets?
China and the US have watered down tit-for-tat tariffs in a landmark 90-day pause that represents a de-escalation of their ongoing trade war. Both countries had imposed tariffs of over 100 per cent on one another in the fallout from President Trump’s ‘Liberation Day’ at the beginning of April, causing the UN to suggest that the world economy was in a “recessionary phase”. But a landmark deal has been struck in Geneva, where negotiators met over the weekend. US tariffs on Chinese goods will now fall from 145 per cent to 30 per cent, while China have lowered tariffs of 125 per cent to 10 per cent. Click the link in our bio to get more of the story 🔗 #china #trump #tariffs #trade #donaldtrump #tradewar #tradedeal #china #usa #usnews #politics #politicalnews #economics #economy #business #businessnews #finance #financialnews #world #worldnews #stockmarket #stocks