4 months ago
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FRESNO COUNTY, Calif. (KFSN) -- On Monday, the U.S. and China reached a woody to intermission their tariffs for 90 days.
"We made a large woody with China, a large commercialized deal," President Trump said successful a property league connected Monday.
After 2 days of talks, some sides agreed to driblet the retaliatory tariffs that had ratcheted up implicit the past fewer weeks.
U.S. tariffs connected Chinese goods volition driblet from 145% backmost down to 30%, portion Chinese tariffs connected U.S. goods dropped from 125% to 10%.
"That doesn't see that are already connected that are our tariffs. It doesn't see connected cars, steel, aluminum, things specified arsenic that," Trump said.
Monday's announcement comes aft a month-long commercialized warfare betwixt the 2 countries.
"We concluded that we had shared interests," U.S. Treasury Secretary Scott Bessent said successful a property league successful Geneva connected Monday.
Ryan Jacobsen, CEO of the Fresno County Farm Bureau, says this is large quality for the Central Valley's ag industry.
"California exports implicit 40% of what we produce," Jacobsen said. "The China/Hong Kong marketplace represents our 3rd largest market, and they instrumentality conscionable astir each commodity we nutrient here."
Jacobsen says the announcement brings impermanent certainty to the industry.
"The crops that are astir apt the astir optimistic erstwhile it comes to having this certainty is hopefully the seed side, but China besides does bargain a batch of caller nutrient arsenic well," helium stated.
But if nary statement is made erstwhile those 90 days are up, tariffs could summation erstwhile again... arsenic the vale reaches highest harvest season.
"We look astatine 90 days out, we bash person a batch of our nuts coming disconnected astatine that constituent for the 2025 harvest year, to array grapes to strawberries," helium explained.
Jacobsen hopes to spot a longer-term statement earlier those harvest months.
Trump said successful a property league Monday that if tariffs spell backmost successful place, they would not spell each the mode backmost up to 145%, but would beryllium "substantially higher" than Monday.
He added that helium thinks determination volition beryllium a woody wrong the 90 days.
For quality and upwind updates, travel Tiffany Olin connected Facebook, Twitter and Instagram.
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