> US, China cut tariffs in major deal — What it means for prices and imports
US, China cut tariffs in major deal — What it means for prices and imports
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The US and China have agreed to cut tariffs by 115 percentage points for 90 days after a weekend of intense trade negotiations. Experts say the rollback could temporarily ease inflation and import slowdowns, but concerns remain as retailers warn of empty shelves and reduced shipments from China.