China and the United States: the need for de-escalation
Following very high-level negotiations, notably involving US Treasury Secretary Scott Bessent and China’s Vice Premier with responsibility for the economy He Lifeng, said to be close to President Xi Jinping, the two countries said they were lowering their additional import tariffs for 90 days, from 145% to 30% for the US and from 125% to 10% for China. They also committed to continuing talks on their economic and trading relationship. US-China…

