In a surprising twist, the United States and China have decided to cool down their heated trade battle, agreeing to cut tariffs for the next three months. This move comes after months of back-and-forth in which both countries slapped hefty taxes on each other\u2019s goods, causing worry about empty shop shelves and rising prices. According to a report from the Times<\/a>, the US will now lower its tariffs on Chinese products to 30 per cent, while China will reduce tariffs on American goods to 10 per cent.<\/p>\n\n\n\n