Part 1/8:
Recent Developments in US-China Trade Relations
The ongoing trade relationship between the United States and China has seen significant shifts recently, highlighted by the announcement made by Scott Besson regarding reciprocal tariffs. The new agreement marks a notable reduction in tariffs that had previously been set at an inflated 125%, bringing them down to 10% for both countries. This change aims to foster a cooperative dialogue as negotiations continue, although a separate 20% tariff related to China's involvement in the fentanyl crisis remains in place.