US EditionUS, China pause tariffs
- On Monday in Geneva, Washington and Beijing reached a deal to reduce their recent tariffs for a 90-day period, aiming to revive the stalled trade relationship between the two nations.
- The agreement followed months of tit-for-tat tariff escalations initiated by Trump last month, with the pause leaving tariffs higher than before the recent increases.
- U.S. Tariffs on Chinese goods were lowered from 145% to 30%, including an existing 20% levy aimed to pressure China on fentanyl, while China cut tariffs on U.S. Goods from 125% to 10%.
- U.S. Trade Representative Jamieson Greer described this as dropping the 145% tax to 30%, and China’s Commerce Ministry said the deal lays a foundation for further cooperation.
- The deal sparked a global market rally and provides time to negotiate a more substantive agreement, but uncertainty remains about its durability and underlying tensions persist.
43 Articles
43 Articles
The US–China Trade Deal: Tariff Cuts, Market Access, and What’s Next
President Donald Trump touts a “total reset” with China as both countries agree to drastically cut tariffs. But he also warns that China tariffs could go much higher if a deal isn’t reached in a few months. The president on Monday also signs a sweeping executive order directing pharmaceutical companies to lower drug costs. The order aims to bring U.S. drug prices in line with those paid in other nations. How soon could Americans see their prescr…
Times-News
US, China pause tariffs
GENEVA — The United States and China agreed Monday to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies and setting off a rally in global financial markets.
U.S. and China reach a deal to slash sky-high tariffs for now, with a 90-day pause
GENEVA — The United States and China agreed Monday to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies and setting off a rally in global financial markets.
Deal slashes sky-high tariffs, for now
GENEVA (AP) — The United States and China agreed May 12 to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies and setting off a rally in global financial markets.
The United States and China reach historic agreement with sharp tariff reductions
DETROIT — The United States and China reached a historic trade agreement on Monday, May 12, that includes a significant reduction in the tariffs both nations imposed on each other just over a month ago. With this agreement, the United States reduced tariffs on Chinese products from 145% to 30%, […] The post United States and China Reach Historic Agreement with Significant Tariff Reduction appeared first on Latino Detroit.
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