US EditionUS, China pause tariffs
- On May 12 in Geneva, Washington and Beijing reached an understanding to lower their recent high tariffs for 90 days in an effort to revive paused trade relations between the two largest global economies.
- This deal followed months of escalating tariffs initiated by Trump, who raised U.S. Combined tariffs on China to 145 percent last month, prompting retaliatory tariffs from Beijing.
- The U.S. Will lower tariffs on Chinese goods from 145 to 30 percent, while China will cut levies on U.S. Products from 125 to 10 percent, with officials meeting for many hours at a Geneva villa.
- U.S. Officials responsible for trade and finances highlighted that the previously imposed high tariffs were effectively a trade embargo undesired by both countries, and the resulting agreement sparked a notable surge in global market confidence.
- The 90-day pause creates space for substantive talks, but tariffs remain elevated and uncertainty persists over whether the truce will hold or if prices will continue rising.
69 Articles
69 Articles
Trump retreats on tariffs as US and China begin new trade talks
The United States and China have agreed to suspend recent tariff hikes for 90 days following negotiations held in Switzerland. The talks, initiated by the United States, mark a sharp reversal in strategy after weeks of escalating trade conflict. Both countries announced that they would lower tariff levels during the pause to allow further discussions.
Chinese state media is celebrating a new trade deal with the United States as a historic victory that temporarily eases tensions between the two economic powers, bringing a 90-day pause in a tariff war that has paralyzed trade between the two countries for months.
Flannery: Trump’s China pause
Good for Vermont but we need to do more on our ownby Russell FlanneryPresident Trump’s well-oiled marketing operation was running full blast this morning with the announcement of a “historic” agreement between the U.S. and China to lower tariffs. In fact, the action only reverses some of the worst of the tariffs that President Trump himself imposed on business between the two countries earlier this year, and the reprieve is only for 90 days. Un…
As part of his tour of China, President Gabriel Boric valued the tariff truce reached by China and the United States, pointing out that "we look with good eyes and salute the pre-agreement reached in the last hours by the governments of China and the United States." As the president pointed out in the framework of the Chile-China Business Forum 2025, "it is through dialogue, through multilateralism, through the meeting between the peoples that w…
China and the US have decided to significantly reduce their mutual tariffs in the escalated trade dispute.
US, China Hit the Pause Button on Tariff Escalation - Liberty Nation News
By Andrew Moran April 2 was “Liberation Day” in America, and May 12 may have been “De-Escalation Day.” The current administration eased tariff tensions with China during a weekend visit to Switzerland, with both sides engaging in substantive discussions. But while neither side settled on a comprehensive trade package, US and Chinese officials were pleased with what transpired […]
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