US, China agree to slash tariffs in trade war de-escalation
Monday, 12 May 2025 () Geneva (AFP) May 12, 2025
The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, de-escalating a trade war that has roiled financial markets and raised fears of a global economic downturn. After their first talks since US President Donald Trump launched his trade war, the world's two biggest economies agreed in a joint statement to bring their triple-digit tar
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The News The US and China said they would suspend most tariffs on each others’ exports, offering a much-needed reprieve in the trade war between the world’s... Upworthy
US stock index futures surged following an agreement between the United States and China to scale back tariffs, easing trade war anxieties. The 90-day pause on... IndiaTimes Also reported by •Upworthy
Monday, 12 May 2025 ()
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