Why Americans can still expect higher prices even after Trump temporarily lowered tariffs on China
President Donald Trump made a temporary trade deal with China, reducing tariffs to 30% for 90 days.
ROBERTO SCHMIDT / AFP
- President Donald Trump made a temporary trade deal with China, reducing tariffs to 30% for 90 days.
- Supply chain experts told BI the deal is progress, but it won't reverse the tariff turmoil just yet.
- The US economy is still stuck in the "bullwhip effect," so prices and supply will remain in flux.
A temporary pause on sky-high tariffs between...