US President Donald Trump on Tuesday formally halved US tariffs on Chinese goods linked to the fentanyl crisis.
In a move long sought by Beijing and sealed after months of tense negotiations, Trump also warned that the tariff relief could be reversed if China fails to deliver on its commitments.
The reduction – from 20 per cent to 10 per cent, effective 12.01am on November 10, Washington time – comes after China agreed during a meeting between Trump and Chinese President Xi Jinping in South…