HONG KONG/SHANGHAI --The U.S. and China on Monday agreed to slash tariffs temporarily on each other's goods, marking a major turning point in a tit-for-tat trade war that threatens to upend the global economy.
Trump tariffs
US and China agree to slash tariffs in surprise turn
Both sides to talk more on fentanyl smuggling, America's trade deficit
U.S. Treasury Secretary Scott Bessent, right, and U.S. Trade Representative Jamieson Greer attend a news conference after trade talks with China in Geneva on May 12. © Reuters
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