Donald Trump's US, Xi Jinping's China slash tariffs, agree for 90-day pause on reciprocal duties
Monday, 12 May 2025 US and China have formally agreed to slash tariff levels imposed on each other. they have amde agreements for a 90 days long pause amid ongoing trade war between two superpowers.
The United States and China have agreed to temporarily slash their tit-for-tat tariffs, with the US rate down to 30 percent and Chinese duties cut to to 10 percent, the US trade chief says. Following a weekend of trade talks in Geneva, US Treasury Secretary Scott Bessent and Trade Representative...
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Monday, 12 May 2025
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