US EditionChina-US 90-day tariff truce should be extended, Global Times says
- The United States and China agreed on a 90-day tariff truce beginning in mid-May 2025, temporarily reducing tariffs on each other's goods during trade talks in Switzerland.
- The truce followed escalating trade tensions and followed from weekend negotiations, with the U.S. Cutting tariffs on most Chinese imports from 145% to 30%, and China lowering duties on U.S. Goods from 125% to 10%.
- This tariff reduction triggered a surge in shipments from China to the U.S., raising freight volumes by over 50% at key Chinese ports and pushing container costs up by 16% to $3,136 from Shanghai to Los Angeles.
- Shipping executives like CEO Rolf Habben Jansen confirmed strong bookings from China to the U.S., while analysts warn the truce may only briefly boost earnings amid ongoing uncertainties over non-tariff barriers and tariff reinstatement after 90 days.
- The Global Times advocated extending the truce beyond 90 days for longer-term cooperation, but experts note that high tariffs could return after the pause, keeping future trade and shipping conditions uncertain.
26 Articles
26 Articles
Amid US–China Tariff Truce, Experts Warn CCP Will Deploy Delay Tactics
With the United States and China agreeing to a temporary trade truce, experts caution that Beijing will try to drag its feet over the next three months to gain an upper hand over Washington. After May 10–11 talks in Switzerland, the United States agreed to lower most incremental tariffs on China to 30 percent from 145 percent, while China reduced its retaliatory tariffs on U.S. goods to 10 percent from 125 percent. The reductions will hold for 9…
Small N.S. businesses resume shipping to U.S. — but at a price for American customers
Some small Nova Scotia businesses are once again retooling in the face of an evolving trade war between the U.S. and China, saying they will resume deliveries to American customers now that tariffs are being rolled back.
China-US 90-day tariff truce should be extended, Global Times says
The 90-day tariff truce agreed by the United States and China during trade talks in Switzerland last weekend is too short, China's state-backed Global Times said on Friday, as envoys from the world's two biggest economies regrouped in Korea.
Coverage Details
Bias Distribution
- 54% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
