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US and China Agree to Slash Tariffs by 115% for 90 Days

  • On Monday, U.S. And Chinese officials announced a 90-day truce to reduce most tariffs at talks held in Geneva.
  • The truce followed weeks of escalating tariffs, with the U.S. Cutting its rate on Chinese imports from 145% to 30%, and China lowering tariffs on U.S. Goods from 125% to 10%.
  • The deal aims to avoid further economic damage amid fears of recession and disruptions to global markets and supply chains caused by the trade war.
  • Markets rallied sharply as Wall Street futures rose over 2.5%, the Hang Seng surged nearly 3%, and analysts described the agreement as a substantial de-escalation but cautioned on future talks.
  • Officials said ongoing negotiations will address tariffs, non-tariff barriers, currency issues, and market access, indicating further dialogue is needed beyond this 90-day tariff reduction.
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focoinformativo.site broke the news in on Sunday, May 11, 2025.
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