US, China announce reduced tariffs for 90 days after trade talks
Monday, 12 May 2025 () The U.S. and China announced on Monday that tariffs against one another will be reduced for an initial 90-day period after officials held trade negotiations in Geneva.
Trump hails 'great progress' as US-China trade talks in Geneva continue
The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation.
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In a surprising move, the United States and China have announced a truce in their ongoing trade war following high-stakes talks in Geneva. The deal will see tariffs significantly reduced, with the U.S. cutting its tariffs from 145% to 30%, and China slashing its tariffs from 125% to 10%. But is this a true de-escalation or just a temporary fix? In this full press conference, we break down the details, the 115% rollback, and the lingering issues that could keep tensions simmering. How will this impact the global economy, trade relations, and key industries like electric vehicles, steel, and aluminum? Watch now to get the full picture.
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Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But both sides called the discussions constructive, raising expectations for a deal. The WTO praised the talks as a "significant step forward," while U.S. futures, oil, and the dollar all climbed on optimism of easing tensions.
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Watches & Wonders 2025: Eileen Gu & Derrick Rose join the world's top watch brands in Geneva
Watches & Wonders, the premier fine watchmaking event, has opened in Geneva with a record 60 brands participating. High-profile attendees include freestyle ski champion Eileen Gu and former NBA star Derrick Rose.
READ MORE : http://www.euronews.com/2025/04/03/watches-wonders-2025-eileen-gu-derrick-rose-join-the-worlds-top-watch-brands-in-geneva
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Credit: euronews (in English) Duration: 01:57Published
The Watches and Wonders Salon, the leading gathering of the fine watchmaking industry, opened its doors in Geneva on Tuesday 1st April. A record number of 60 brands are taking part in the 2025 edition.
Credit: euronews (in English) Duration: 02:00Published
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