US-China trade deal: Beijing lowers tariffs on American goods from 125% to 10% for 90 days, US cuts duties to 30%

New Delhi, May 12 -- With the ongoing trade discussions between the United States and China, Beijing has proposed to reduce tariffs on goods from the US to 10% from 145% for 90 days. Meanwhile, the US has proposed to cut tariffs on Chinese goods to 30% from 145%.

Published by HT Digital Content Services with permission from MINT....