James Brown - its a new day 1970
US-China Tariff Deal: A 90-Day Breakthrough and Its Global Implications
The world was struck with awe at an unforeseen breakthrough in US-China trade relations. After months of tension and high-stakes negotiation, the two sides agreed to a temporary tariff reduction for 90 days. This represents the first move towards cooperation since then, sending a good omen to the globe. This agreement stirs thoughts that at some point, trade will be stabilized and raised back to do well for the economy-at-large. These two sides agreed to bring reciprocal tariffs to 10%. In some cases, tariffs were imposed at higher rates, going up to 25%...