INTRO: China hailed on Monday "substantial progress" with the United States after talks in Geneva on dialling down their trade war yielded dramatic cuts to import tariffs.
The world's two biggest economies agreed to suspend their respective tariffs for 90 days while they negotiate. The US tariffs on Chinese imports will now be cut to 30 per cent , while Chinese tariffs on US imports will be cut to 10 per cent. Laura Westbrok reports from Hong Kong.
The world's two biggest economies agreed to suspend their respective tariffs for 90 days while they negotiate. The US tariffs on Chinese imports will now be cut to 30 per cent , while Chinese tariffs on US imports will be cut to 10 per cent. Laura Westbrok reports from Hong Kong.