China, U.S. agree to lower tariffs in major trade war de-escalation

China, U.S. agree to lower tariffs in major trade war de-escalation

U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%

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