Food and Wine
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Food and Wine
Source : (remove) : FXStreet
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Breaking News: US to lower tariffs on China from 145% to a base 10%, 20% fentanyl levy for 90 days

The United States has announced a significant reduction in tariffs on Chinese goods, lowering them from 14.5% to a base rate of 10%, effective immediately, as part of ongoing trade negotiations aimed at easing tensions between the two economic giants. Additionally, a 20% levy specifically on fentanyl imports from China will be implemented for a 90-day period, reflecting concerns over the opioid crisis and an attempt to curb the influx of the drug into the U.S. This move is seen as a strategic step to foster better trade relations while addressing critical public health issues, with the potential for further adjustments based on the outcomes of the next round of trade talks scheduled for later this year.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/news/breaking-news-us-to-lower-tariffs-on-china-from-145-to-a-base-10-20-fentanyl-levy-for-90-days-202505120707 ]