China-US 90-day tariff truce should be extended, Global Times says
The 90-day tariff truce agreed by the United States and China during trade talks in Switzerland last weekend is too short, China's state-backed Global Times said on Friday, as envoys from the world's two biggest economies regrouped in Korea. During the Geneva summit, the U.S. agreed to cut the extra tariffs it imposed on Chinese imports last month to 30% from 145% for the next three months, while China commited to cutting duties on U.S. imports to 10% from 125%. "The window for mutually beneficial cooperation should extend far beyond a mere 90-day period," said the Global Times, which is owned by the newspaper of the ruling Communist Party, People's Daily, and has often been first to report China's next steps in trade disagreements over the last few years.
Reuters
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41 minutes ago
