The recent U.S.–China trade agreement brought down tariffs from their peak highs—U.S. tariffs on Chinese imports now sit at about 55%, with China's tariffs at roughly 10%. While these numbers are lower than the previous peaks of 145% and 125%, respectively, the economic reality on the ground is far from a simple rollback.
According to experts cited by Al Jazeera, businesses and consumers should not expect immediate or dramatic price drops. The tariff cuts are just one factor in a complex web of costs that continue to drive prices up.
