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

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

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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.

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