US EditionUS and China Agree to Slash Tariffs by 115% for 90 Days
- On Monday in Geneva, U.S. And Chinese officials reached an accord to reduce tariffs by 115 percentage points for a 90-day period as part of a temporary trade ceasefire.
- The deal followed escalating tariffs last month, including U.S. Rates of 145% and Chinese rates of 125%, which severely disrupted trade.
- Both sides agreed to reduce tariffs to 30% for the U.S. On Chinese goods and 10% for China on U.S. Goods, suspending other retaliatory measures since April 2.
- The tariff reduction sparked a global market rally, with U.S. Futures up over 2% and major indices in Hong Kong, Germany, and France rising notably.
- While the truce allows more talks and eases immediate tensions, analysts warn uncertainty remains and high tariffs will continue to limit trade flows.
693 Articles
693 Articles
Trump caves on his Chinese tariffs, but it’s too little too late
The Trump administration announced on Monday that for the next 90 days, Dear Leader is lowering the insane tariff he placed on all Chinese imports from 145% to 30%—enough to appease the stock market but not enough to stave off a spike in inflation and...
The Center Square
U.S., China agree to cut tariffs after trade meeting
(The Center Square) – The U.S. and China will cut tariffs on imports from each other as the world's two largest economies look to reach a broader deal on trade after months of tensions.
US and China take a step back from the very high tariffs and agree to a 90-day pause
U.S. and Chinese officials said Monday that they reached an agreement to cut most of their recent tariffs and declare a 90-day truce in their trade war to continue talks on resolving their trade disputes. Stock markets rose sharply as the world’s two major economic powers stepped back in a shock that has destabilized the global economy.
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