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US-China strike trade deal ahead of key inflation data

Upworthy Monday, 12 May 2025 ()
In This Article: The US-China trade war has thawed. Treasury Secretary Scott Bessent said Monday the US and China agreed to a 90-day pause on reciprocal tariffs while baseline tariffs fall to a 10% rate. After an escalation of reciprocal measures last month, the Trump administration had set…
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Video Credit: Oneindia - Published
News video: U.S Officials' Press Conference in Geneva: Greer & Bessent Announce 115%Tariff Rollback-90-Day Pause

U.S Officials' Press Conference in Geneva: Greer & Bessent Announce 115%Tariff Rollback-90-Day Pause 03:49

 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...

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