US and China agree to drastically roll back tariffs in major trade breakthrough | CNN Business
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The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period, in a surprise breakthrough that has de-escalated a punishing trade war and buoyed global markets.
  • Voroxpete
    4·
    4 days ago

    The “breakthrough” being that in return for Trump scaling back the new US tariffs, China has agreed to scale back their new tariffs.

    So America started a fight, realised they couldn’t win, and then started begging for a return to status quo. And they’re hailing this climb down as a breakthrough.