US EditionUS and China Agree to Slash Tariffs by 115% for 90 Days
- U.S. And Chinese officials reached a deal in Geneva on May 12, 2025, to roll back most recent tariffs and establish a 90-day trade war truce.
- The truce followed tariff hikes last month where the U.S. Raised duties on Chinese goods to 145% and China retaliated with levies up to 125%, disrupting $660 billion in trade.
- The agreement cancels 91% of tariffs on each side’s goods and suspends an additional 24% for 90 days to allow further consultations on trade disputes.
- U.S. Trade Representative Jamieson Greer stated the U.S. Cut its tariff rate from 145% to 30%, while China lowered its rate to 10%, with markets responding positively: S&P 500 futures rose 2.6%.
- The deal marks a significant de-escalation in tensions though experts like Mark Williams caution the 90-day truce may not lead to a lasting ceasefire amid ongoing uncertainty.
432 Articles
432 Articles
Major Breakthrough: U.S.-China Trade Negotiations Lead to Significant Tariff Reductions - Real News Now
In a significant turnaround from just a few weeks back, the ongoing trade dispute between the United States and China took a positive turn following a round of negotiations in Switzerland. The consensus reached means a substantial downscaling of tariffs on goods exchanging hands between the two nations. This development, which adds another layer of complexity to the volatile situation, has had far-reaching implications on the global economy and …
'Now he surrenders': Critics hit back as Trump lauds tariff deal
As President Donald Trump's administration announced a cooling in the tariff trade war with China, critics were quick to pile on.And, though Trump's team promoted the deal which slashed a 145 percent charge on imports to just 30 percent as a huge win, his detractors saw it as him backing down.The agreement, made in Geneva over the weekend, puts the new charges in place for 90 days. China cut its 125 percent tariff to 10 percent."Trump started th…
US and China Take a Step Back From Sky-high Tariffs, Agree to Pause for 90 Days
GENEVA (AP) — U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes. Stock markets rose sharply as the globe’s two major economic powers took a step back from a clash that has unsettled the global economy. U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chines…
ThePatriotLight - U.S. and China Agree to Suspend Most Tariff Hikes
ThePatriotLight - The United States and China agreed Monday to suspend the vast majority of tariffs imposed during their recent trade standoff, committing to a 90-day de-escalation while formal negotiations continue. The agreement was announced in a joint statement following two days of high-level talks in Geneva, where delegations from both governments convened to address mounting economic tensions. Under the terms of the deal, the U.S. will re…
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