China agrees to 'reduce and remove' tariffs on US cars: Trump
Washington, Dec 3 : China has agreed to scale back tariffs on imported US cars, President Donald Trump said Sunday, one day after agreeing with Xi Jinping to a ceasefire in the trade war between the world's top two economies.
Asia stocks had rallied on the news that Washington and Beijing would not impose any new tariffs during a three-month grace period, during which the two sides are meant to finalize a more detailed agreement.
"China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40 per cent," Trump said on Twitter.
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Middle East latest: Ceasefire between Israel and Hezbollah in Lebanon begins
Jerusalem (AP): A ceasefire between Israel and Lebanon's Hezbollah began early Wednesday morning, after Beirut residents endured the most intense day of Israeli strikes since the war began.
Many wondered if the agreement to stop fighting would hold. Israel has said it will attack if Hezbollah breaks the ceasefire agreement, which was announced Tuesday.
At least 42 people were killed by Israeli strikes across Lebanon on Tuesday, according to local authorities.
Hezbollah also fired rockets into Israel on Tuesday, triggering air raid sirens in the country's north.
The Israel-Hezbollah ceasefire marks the first major step toward ending the regionwide unrest triggered by Hamas' attack on Israel on October 7, 2023. But it does not address the devastating war in Gaza.
Hezbollah began attacking Israel a day after Hamas' attack. The fighting in Lebanon escalated into all-out war in September with massive Israeli airstrikes across the country and an Israeli ground invasion of the south.
In Gaza, more than 44,000 people have been killed and more than 1,04,000 wounded in the nearly 14-month war between Israel and Hamas, according to Gaza's Health Ministry.
