U.S., China slash most new tariffs following high-level talks

The United States and China on Wednesday slashed most of their recent new tariffs on each other's imports and suspended part of the so-called reciprocal duties for 90 days, in line with a deal struck during high-level trade talks over the weekend in Switzerland.Because of what U.S. President Donald Trump called a "total reset" with China, his administration cut the tariffs it had imposed on the Asian economy under his second presidency to 30 percent from 145 percent. China, meanwhile, reduced its retaliatory tariffs on the United States to 10 percent from 125 percent.The United States, howe…READ FULL ARTICLE