See every side of every news story
Published loading...Updated

U.S.-China agreement lowers tariffs for now

  • The United States and China agreed in May 2025 in Switzerland to temporarily reduce tariffs to ease economic tensions.
  • The tariff reductions came after prolonged and urgent discussions aimed at easing years of growing trade tensions, led by the U.S. Treasury chief and China’s Deputy Premier.
  • The U.S. Will lower tariffs on Chinese goods from 145% to 30%, while China cuts retaliatory tariffs from 125% to 10% for 90 days and suspends related non-tariff barriers.
  • Scott Bessent described the talks as “very productive,” and stock markets rallied significantly, with the Dow rising 1,113 points and tech shares like Tesla and Apple gaining 6%.
  • These temporary tariff cuts provide relief and a platform for continued trade talks but leave long-term economic outcomes uncertain and tariffs subject to reinstatement after 90 days.
Insights by Ground AI
Does this summary seem wrong?

15 Articles

All
Left
2
Center
4
Right
1
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 57% of the sources are Center
57% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

tickernews.co broke the news in on Tuesday, May 13, 2025.
Sources are mostly out of (0)