The US and China have agreed to reduce tariffs from 145% and 125% to 30% and 10% for 90 days, but future agreements remain uncertain amid ongoing trade tensions.

Global free trade is in crisis, the head of the World Trade Organization chief said Tuesday while meeting Japanese Prime Minister Shigaru Ishiba on Tuesday.

After the US lowered tariffs on China, India said it would raise duties on American goods in response to continued steel and aluminium taxes.