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In the weekend, the United States and China agreed to the one 90-day suspension of most tariffs Paid from April. This latest development can offer short -term relief in an ongoing business dispute that has disrupted global shipping and Prices increased for American consumersPreviously, the US had stopped its tariffs for other countries, although it excluded China from that stagnation.
In a joint statement released this morning, the two governments said the stagnation would allow time for continuous talks. US Treasury Secretary Scott Besent confirmed the “90-day stagnation” agreement after negotiations with officials in Geneva, stating that “mutual” tariffs would be reduced by 115% on both sides. American tariffs on Chinese goods will fall by about 30%, while China will reduce its levy by 10% on US imports.
Pre -proposed tariffs before the beginning of April included US tariffs up to 145% on sugar imports and 125% Chinese tariffs on American goods, which slowed down the trade. Major port Fast fall in traffic, and International Shipping and Logistics Firm reported DHL Express Suspended shipment In the US with a declared value of more than $ 800.
Sigma america, Canon And others have already announced their plans to increase prices as a result of the US-China tariff war. Tamon also announced It was shifting where its lenses are manufactured on the basis of tariff. What is the meaning of this stagnation for those companies, it is not clear. Given that this is a temporary solution, it is unlikely that we will see any walkback on plans to increase prices.
Officials from both sides depicted the Geneva dialogue as producers. “It is important to understand how soon we were able to get into an agreement.” For now, the tariff is temporarily relaxed and the conversation is underway, all the manufacturers and importers can see that it is more waiting. Hopefully, the break becomes a way towards the resolution instead of delay before the next disruption.
