In a surprising move, the United States and China have announced a truce in their ongoing trade war following high-stakes talks in Geneva.
The deal will see tariffs significantly reduced, with the U.S. cutting its tariffs from 145% to 30%, and China slashing its tariffs from 125% to 10%.
But is this a true de-escalation or just a temporary fix?
In this full press conference, we break down the details, the 115% rollback, and the lingering issues that could keep tensions simmering.
How will this impact the global economy, trade relations, and key industries like electric vehicles, steel, and aluminum?
Watch now to get the full picture.
#USChinaTrade #TradeWarTruce #GenevaAgreement #TariffRollback #GlobalEconomy #ChinaUSRelations #TradeTalks #Economy2024 #USChina #InternationalTrade #ChinaTariffs #USTariffs #GenevaPressConference #EconomicImpact #TariffDeescalation Also Read US, China Agree To Temporary Tariff Cuts For 3 Months In Bid To Ease Trade Tensions :: https://www.oneindia.com/international/us-china-agree-to-temporary-tariff-cuts-for-3-months-in-bid-to-ease-trade-tensions-4151019.html?ref=DMDesc Chinese Foreign Minister Wang Speaks To NSA Doval, Calls For Lasting Ceasefire With Pakistan :: https://www.oneindia.com/international/chinese-foreign-minister-wang-speaks-to-nsa-doval-calls-for-lasting-ceasefire-with-pakistan-4150093.html?ref=DMDesc China Says Will Continue To Stand By Pakistan In Upholding Its ‘Sovereignty, Territorial Integrity’ :: https://www.oneindia.com/international/china-says-will-continue-to-stand-by-pakistan-in-upholding-its-sovereignty-territorial-integrity-4149961.html?ref=DMDesc
