Tariff pause sends stock markets relief, ag impact murky
In a move that could bring welcome relief to specialty agriculture and horticulture businesses caught in the crossfire of international trade disputes, the Trump administration announced on Monday morning a 90-day reduction in tariffs on Chinese imports.
Reuters, CNN, NBC News and other news outlets reported U.S. tariffs on Chinese imports will be cut from 145% to 30%, while Chinese tariffs on U.S. imports will fall from 125% to 10%.
Officials from the two counties met in Geneva over the weekend