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U.S., China Reach Agreement To Lower Tariffs In 90-Day Cool-Off Period

Upworthy Monday, 12 May 2025 ()
U.S., China Reach Agreement To Lower Tariffs In 90-Day Cool-Off Period China and the U.S. moved to ease trade tensions early Monday, agreeing to a temporary 90-day reduction in reciprocal tariffs on each other's goods, according to a joint statement released by both governments on X. The accord,…
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Video Credit: AFP English - Published
News video: US and China agree to slash tit-for-tat tariffs temporarily: US trade chief

US and China agree to slash tit-for-tat tariffs temporarily: US trade chief 01:11

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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