US and China Agree to Slash Tariffs for 90 Days in Bid to Ease Trade Tensions
Monday, 12 May 2025 () The United States and China have reached a breakthrough agreement to significantly reduce mutual tariffs for a 90-day period following negotiations in Geneva, according to a Bloomberg report. U.S. Treasury Secretary Scott Bessent and China’s Commerce Minister Li Chenyang jointly announced the deal, under which: The U.S. will lower tariffs on Chinese goods from 145% to 30%; China will reduce its tariffs on American goods from 125% to 10%. "After these initial steps, both sides will establish a mechanism to continue discussions on economic and trade relations,” a joint statement published on the White House website reads.
As U.S. trade tensions mount, China is strengthening its grip on Latin America. At the China-CELAC Forum in Beijing, leaders from across the region gathered, with many deepening their commitment to China’s Belt and Road Initiative. With two-thirds of Latin American countries already on board, China...
President Donald Trump has announced a major development in U.S.-China trade talks, revealing that China has agreed to “open up” to U.S. businesses and suspend trade barriers. This comes after a..
US and China announce substantial reductions in tariffs for 90 days
The US and China agreed to lower tariffs for 90 days on Monday, as the world’s two biggest economies attempt to cool an..
Credit: euronews (in English) Duration: 01:53Published
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...
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BREAKING OVERNIGHT ... US & CHINA LIFT TARIFFS FOR 90 DAYS ... NYT: U.S. and China Agree to Temporarily Slash Tariffs in Bid to Defuse Trade War The United... Daily Caller
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... Upworthy
Monday, 12 May 2025 ()
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