US and China Agree to Slash Tariffs by 115% for 90 Days
- The United States and China agreed over the weekend to pause a 34% tariff on imports from each other for 90 days.
- The agreement resulted from escalating tariffs imposed by both countries after President Trump announced the 34% tariff on April 2, raising combined levies to 145%.
- During the 90-day pause, both countries will impose a 10% tariff instead of the previous higher rates while retaining certain earlier duties, and they plan to continue discussions on economic and trade matters.
- Treasury Secretary Scott Bessent announced that the recent trade discussions between the U.S. And China yielded significant advancements, while U.S. Trade Representative Greer described the meetings as highly productive.
- The tariff pause aims to stabilize trade relations and meet producer and consumer expectations, while both countries plan to implement the terms by May 14 and continue cooperation.
634 Articles
634 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...

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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