US and China agree to slash tariffs for 90 days

INSUBCONTINENT EXCLUSIVE:
countries would lower their reciprocal tariffs by 115% for 90 days.The announcement came after both China and the US had held trade talks in
two countries since US President Donald Trump had levied steep tariffs against China on its goods entering America in January.Trump had
imposed a 145% tariff on Chinese imports, while Beijing responded with a 125% levy on some US goods.The huge tariffs caused turmoil in the
financial markets and sparked fears of a global recession.However, the US tariffs on Chinese imports will now be cut to 30% for 90 days,