US-China trade deal gives countries chance to seek deals without being singled out as choosing sides: expert

A trade deal between the United States and China gives other countries a chance to negotiate their own deals without being singled out as taking sides between the two superpowers, an expert said Monday, as Korea and other countries are trying to reach agreements with Washington. Following high-stakes negotiations in Geneva, Switzerland, Washington and Beijing announced the deal to temporarily reduce tariffs for 90 days. Under it, U.S. tariffs on Chinese goods will be lowered to 30 percent from the current 145 percent, starting Wednesday, while Chinese tariffs on U.S. exports will be cut to 10 percent from 125 percent. When the changes come into effect, the two countries agreed to establish a mechanism to continue discussions on trade and other economic issues, where Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer and He Lifeng, vice premier of the State Council of China, will represent each side, according to the White House. The deal was keenly watched by Korea and other countries that have been in talks with the U.S. in the hopes of avoiding or minimizing thWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times