U.S.–China Announce Tariff Suspensions and New Trade Understandings
China’s Ministry of Commerce announced that the latest round of U.S.–China economic and trade talks, held in Kuala Lumpur, resulted in several notable tariff and export-control suspensions that could temporarily ease tensions for importers and exporters on both sides. Key Outcomes The United States will cancel the 10% “fentanyl tariffs” and suspend for one year the 24% reciprocal tariffs imposed […]