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US and China agree to drastically roll back tariffs in major trade breakthrough (www.cnn.com)

submitted 3 weeks ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] Voroxpete@sh.itjust.works 4 points 3 weeks ago

The "breakthrough" being that in return for Trump scaling back the new US tariffs, China has agreed to scale back their new tariffs.

So America started a fight, realised they couldn't win, and then started begging for a return to status quo. And they're hailing this climb down as a breakthrough.