GUEST – Isaah Mhlanga - Chief Economist and Head of Research at RMB

The US and China have agreed a deal that will significantly cut the import tariffs they have imposed on each other in a major de-escalation of their trade war.

The changes mean that US tariffs on Chinese imports will fall to 30% from 145%, while China's tariffs on US goods will drop to 10% from 125%. The announcement came after intensive talks in Switzerland, the first between the two countries since US President Donald Trump had levied steep tariffs on Chinese imports last month. Kaya FM