BREAKING: US-China Agree to 90-Day Tariff Truce | Markets Soar - video Dailymotion

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In a significant development, the United States and China have agreed to a 90-day suspension of reciprocal tariffs, reducing U.S. tariffs on Chinese goods from 145% to 30%, and Chinese tariffs on U.S. goods from 125% to 10%.  This agreement, announced after talks in Geneva, has led to a surge in global financial markets.    #USChinaDeal #TariffTruce #MarketSurge #TradeWarPause #GlobalMarkets #EconomicNews #World   🔊 LIKE ➡ SHARE ➡ SUBSCRIBE  For More Updates:  English: https://newsable.asianetnews.com/  Hindi: https://hindi.asianetnews.com/  Malayalam: https://www.asianetnews.com/  Kannada: https://kannada.asianetnews.com/  Tamil: https://tamil.asianetnews.com/  Telugu: https://telugu.asianetnews.com/  Bengali: https://bangla.asianetnews.com/  Like us on Facebook: https://www.facebook.com/AsianetNewsa...  Follow us on Twitter:  https://twitter.com/AsianetNewsEN  Follow us on Instagram: https://www.instagram.com/ann.newsable/  ➡ If you like our video, give us a thumbs up and subscribe to our channel to get the daily dosage of news, entertainment, sports and more.

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00:00We have reached an agreement on a 90-day pause.

00:10Stocks and the dollar surged on May 12 after the US and China announced a 90-day break on tariffs,

00:16with reciprocal duties set to drop significantly.

00:20This deal brought some relief to investors, suggesting a potential halt to a full-blown trade war.

00:25U.S. Treasury Secretary Scott Besant, speaking after talks with Chinese officials in Geneva,

00:31confirmed that the two countries had agreed on the terms, which would see tariffs reduced by 115 percentage points.

00:39These Geneva discussions marked the first in-person talks between high-level U.S. and Chinese economic officials

00:44since President Trump took office and initiated aggressive tariffs, particularly on China.

00:51Following the news, Chinese stocks saw a boost and the yuan strengthened,

00:56signaling optimism about the deal to reduce tariffs and ease trade tensions.

01:00We have reached an agreement on a 90-day pause and substantially moved down the tariff levels.

01:18Both sides of the reciprocal tariffs will move their tariffs down 115 percent.

01:30We've had very robust discussions.

01:36Both sides showed great respect.

01:40We've identified five or six strategic industries and supply chain vulnerabilities,

01:48and we will continue moving toward U.S. independence

01:52and for reliable supplies from allies on those.

01:57But the consensus from both delegations this weekend is neither side wants a decoupling.

02:07And what had occurred with these very high tariffs,

02:12as Ambassador Bruce said, was an improperly equivalent.

02:17Occurred with these very high tariffs, as Ambassador Bruce said,

02:22was the equivalent of an embargo.

02:26And neither side wants that.

02:28We do want trade.

02:31We want more balanced trade.

02:33And what had occurred with these very high tariffs,

02:42occurred with these very high tariffs,

02:45as Ambassador Bruce said,

02:47was the equivalent of an embargo.

02:51And neither side wants that.

02:53We do want trade.

02:56We want more balanced trade.

02:58We want more balanced trade.

03:07Now also,

03:08we want to give you good trade.

03:14Are you sure?

03:17.

03:20.

03:23Since I was up to Worker,

BREAKING: US-China Agree to 90-Day Tariff Truce | Markets Soar

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