TechReport
The US and China have agreed to lower tariffs. The US will now charge a 30% tariff, whereas China will charge 10%. Actual prices may not come down in the long run, but we may see an increase at a much lesser pace. Lower tariffs may also not see massive domestic production shifts…
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US and China Reach a Tariff Understanding – But Prices May Not Decrease Immediately
The US and China have agreed to lower tariffs. The US will now charge a 30% tariff, whereas China will charge 10%. Actual prices may not come down in the long run, but we may see an increase at a much lesser pace. Lower tariffs may also not see massive domestic production shifts…