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US and China agree to lower tariffs for 90 days, offering temporary relief to businesses.
US and China have agreed to temporarily lower tariffs on each other's goods for the next 90 days.
The US tariff on Chinese imports will drop from 145% to 30%, and China's tariff on US goods will fall from 125% to 10%.
This move provides some relief to businesses but prolongs uncertainty, causing a rush to ship goods before the tariffs potentially rise again.
Business owners like Jay Foreman and Jonathan Silva are now scrambling to produce and ship more products to avoid higher costs.
However, this uncertainty is also pushing companies to explore alternative manufacturing locations outside of China.
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Estados Unidos y China acuerdan bajar los aranceles durante 90 días, ofreciendo alivio temporal a las empresas.