China has said it's evaluating approaches from US officials to start negotiations about tariffs, a potential deescalation in the trade war that has raised hopes formal trade talks could start soon. "If we fight,

A tariff reduction on British car exports to the U.S. in a new economic deal brings relief to the UK car industry. The Society of Motor Manufacturers and Traders welcomes the development as a step towards further reducing trade barriers and fostering economic growth for both nations.

Bentley has been left hamstrung by the US-UK trade deal that has seen luxury car buyers in America hold off purchases, the boss of the brand has warned.

This revision reflects the US and China agreeing to a temporary reduction in tariff levels, the US-UK trade deal struck last week, and a modification in auto tariffs that allowed for offset rebates.

Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

New agreement sees reciprocal US-China tariffs drop from 125% to 10% for 90 days, with final US tariff rate on China lowered to 30%

The 90-day pause is a major de-escalation in the tariff war and comes after talks between both countries in Geneva.