US and China reach deal to cut tariffs, easing slump fears

• Surpassing expectations, Washington will cut extra tariffs from 145pc to 30pc • Chinese duties on US imports will fall from 125pc to 10pc • New measures to remain effective for 90 days GENEVA: The United States and China have agreed to te https://www.dawn.com/news/1910620/us-and-china-reach-deal-to-cut-tariffs-easing-slump-fears