The Trump administration announced on Monday that it will roll back most of the tariffs it had imposed on China.
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TechTranscript
00:00We have reached an agreement on a 90-day pause and substantially moved down the tariff levels.
00:16Both sides on the reciprocal tariffs will move their tariffs down 115 percent.
00:23So there was very good personal interaction.
00:27Both countries represented their national interests very well.
00:32We concluded that we have shared interest, and we both have an interest in balanced trade.
00:42And now with the Chinese, after this weekend, we have a mechanism for continued talks.
00:49But the consensus from both delegations this weekend is neither side wants a decoupling.
00:58Okay.
00:59So I'll…
01:02I'll be right back.
01:03So I'll be right back.
01:05All right.