Image: Anastasios Antoniadis, Unsplash
By ESS News
The US and China have agreed to temporarily lower the rates on each other’s input, which stimulates the battery industry by the constant uncertainty.
With the most range from China, the industry has received support, with the American Minister of Finance Scott Bessent that both countries would lower their mutual rates by 115%, after 90 days, after joint trade discussions in Switzerland.
The White House placed one joint explanation of the countries that confirm the news.
US President Trump had one 145% rate for Chinese importWhile Beijing responded with a tax of 125% to some American goods.
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