U.S. and China Agree to Lower Tariffs

Over the weekend, the U.S. and China agreed to temporarily lower tariffs on each other’s products, which Bloomberg called a dramatic ratcheting down of trade tensions between the two largest economies in the world.
 
For the next 90 days, the combined 145% levies on most Chinese imports will be dropped to 30%, including the rate tied to fentanyl by Wednesday May 14th.  The 125%… Continue reading…