US EditionUS and China Agree to Slash Tariffs by 115% for 90 Days
- On May 13, 2025, officials from the U.S. And China reached an agreement in Geneva to reduce their recent tariffs by 115 percentage points each, initiating a 90-day ceasefire in their ongoing trade conflict.
- The deal follows tariff escalations initiated last month by President Trump that raised U.S. Tariffs to 145% and China’s retaliatory 125% levies on American goods.
- Under the agreement, the U.S. Will reduce tariffs to 30% on Chinese imports, while China will lower tariffs on U.S. Goods to 10%, suspending additional levies for 90 days.
- U.S. Trade Representative Jamieson Greer called the talks "very constructive," and markets responded with stock indexes in Hong Kong, Germany, France, and the U.S. Rising sharply.
- Although this truce eases tensions and enables further talks, economists warn that tariffs remain high and uncertainty continues to constrain trade and investment.
693 Articles
693 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...
The Center Square
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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