Monday, 12 May 2025 () China and the US have watered down tit-for-tat tariffs in a landmark 90-day pause that represents a de-escalation of their ongoing trade war. Both countries had imposed tariffs of over 100 per cent on one another in the fallout to President Trump’s ‘Liberation Day’ at the beginning of April, causing the UN to suggest that [...]
China's exports to the US sink but beat forecasts as tariffs bite
The data, which arrives just ahead of tariff talks between Washington and Beijing, shows a diversion of Chinese goods away from the United States.
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Credit: euronews (in English) Duration: 01:20Published
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The U.S. and China said they had agreed to a 90-day pause on most of the tariffs they have imposed on each other since last month. Upworthy Also reported by •Business Insider
United States Treasury Secretary Scott Bessent confirmed on Monday that the Trump administration has agreed on a 90-day pause on some tariffs with China, stating... Upworthy