Chilean industrial conglomerate Empresas Copec said on Tuesday that the Chinese market for its forestry products could become more challenging if paper makers struggle to boost sales amid uncertainty over U.

The talks in Switzerland resulted in significant cuts to the tit-for-tat tariffs that had been stacked up since January on both sides. The US will lower those tariffs from 145% to 30%, while China's retaliatory tariffs on US goods will drop to 10% from 125%.