link to Article:https://www.dailywire.com/news/u-s-china-release-details-of-agreement-to-dramatically-slash-tariffs
After what was a trade war for the last 2-ish months, China And the US have agreed to drop tariffs against each other for the next 90 das to 10% until new trade agreements can be negotiated and made between the two countries. This report comes from Switzerland after a conference and both parties report looking forward to the future of trade. The US reported that it was still trying to fix economic damage done by and during COVID, with new trade agreements being a huge step. Future discussions are to be held alternately by the two countries or in a third party Country.
This is a very good step in the economic department of the US. Some may say that this is breaking to the pressure while others say that this was the plan all along. Whatever the case, this appears to be a decision that will benefit Americans as tariff prices drop. Also, with each party coming away with a positive view of the situation is beneficial on an international level as well. If American can negotiate with China respectably, this could lead to other countries following suit. The economy has been one of the biggest issues amount Americans since COVID, many people that voted for Trump did so because they wished for a better economy. No matter what side of the aisle you fell on, it originally looked like that promise was not going to be kept. But now with this temporary tariff drop things are starting to look better. the Stock Market already boomed after the announcement showing that the global economy has wanted this.
right now each party, China and the US need to do everything they can to not make the other anger. Though there has been a deal, the deal only goes as far as each country cares to Carrie it out. If China of the US decide to dip out of the deal before negotiations are finished, everyone goes right back to where they started. This would be bad for both governments as the people will loose more faith in the government leaders, undermining their stability.