US Edition'Very strong' trade deal: US and China cut tariffs in major shift
- President Donald Trump and China agreed in May 2025 to temporarily cut tariffs on each other's goods to ease trade tensions.
- This deal follows months of escalating tariffs, including U.S. tariffs that once reached 145%, and retaliatory Chinese levies up to 125%.
- The agreement reduces U.S. tariffs on Chinese imports to 30% and China’s tariffs on U.S. goods to about 10%, effective for 90 days.
- Experts caution that the tariff pause may provide only limited relief from ongoing supply chain challenges and price fluctuations, emphasizing that while tariff changes can happen quickly, adjusting global supply chains is a complex process that requires significant time.
- The temporary tariff rollback offers markets relief but leaves uncertainty about future escalation, which could prolong higher consumer prices and business challenges.
20 Articles
20 Articles
The trade agreement between the United States and China, with the suspension of tariffs for 90 days, has brought immediate relief to the markets.The Dow Jones has gone back more than 1,000 points and the Nasdaq more than 6%.A breath that, however, does not clear the clouds that accumulate on the horizon.Volatility remains present, and investors wonder if the time has come to adjust their portfolios. Virginia Pérez, investment director at Tressis…
US, China negotiating amid trade war pause but uncertainty persists
President Donald Trump’s agreement with China to temporarily slash tariffs for 90 days offered the world a bit of welcome relief. What persists is a sense of uncertainty and the possibility that some damage from the trade war could already…
Trump struck a trade deal with China, but don't expect prices to go down anytime soon
President Donald Trump made a temporary trade deal with China, reducing tariffs to 30% for 90 days.ROBERTO SCHMIDT / AFPPresident Donald Trump made a temporary trade deal with China, reducing tariffs to 30% for 90 days.Supply chain experts told BI the deal is progress, but it won't reverse the tariff turmoil just yet.The US economy is still stuck in the "bullwhip effect," so prices and supply will remain in flux.A temporary pause on sky-high tar…
U.S. and China's Temporary Trade Truce: A Brief Respite - Real News Now
A temporary halt to the trade feud between the United States and China is being observed for a period of 90 days, resulting in an ephemeral drop in previously exorbitant tariffs. This surprising retreat has far surpassed the assumptions of the market, leading to a flurry of activity as investors swarm back to Hong Kong and New York to trade stocks. A dramatic decrease in import levies on the majority of Chinese goods by the U.S., from 145% to 30…
U.S., China slash sweeping tariffs in trade war climbdown
Read: 3 minThe United States and China slashed sweeping tariffs on each others’ goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets and international supply chains.Washington and Beijing agreed to drastically lower sky-high tariffs in a deal that emerged from pivotal talks at the weekend in Geneva.U.S. President Donald Trump said Washington now had the blueprint for a “very, very str…
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