China, US slash sweeping tariffs in trade war climbdown

The United States and China slashed sweeping tariffs on each other's goods for 90 days on Wednesday (May 14), after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains. Trump's rollercoaster tariff row with Beijing has wreaked havoc on US companies that rely on Chinese manufacturing, with a temporary de-escalation only expected to partially calm the storm. Both sides have endured a good deal of economic pain and they can still endure a little bit more," Dylan Loh, an assistant professor at Singapore's NTU, told AFP.

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