US-China 90-day tariff truce begins; US Chamber urges further relief

The US and China have initiated a 90-day tariff reduction starting today, with the US cutting additional tariffs on Chinese goods to 30 per cent, and China reducing its additional tariffs on US goods to 10 per cent.
The US Chamber of Commerce welcomed the move but urged further tariff relief for small businesses and families, warning that tariffs remain significantly higher than earlier this year.