US EditionUS and China Agree to Slash Tariffs by 115% for 90 Days
- On Monday in Geneva, officials from the U.S. And China reached an agreement to cut their recent tariffs by a total of 115 percentage points for a period of 90 days in an effort to ease tensions in their ongoing trade dispute.
- The agreement arose after escalated tariffs in April placed by both countries, which had nearly blocked trade and disrupted global markets.
- The U.S. Lowered its tariff on Chinese goods from 145% to 30%, while China reduced its tariff on U.S. Goods from 125% to 10%, suspending other levies for the truce.
- Treasury Secretary Bessent described the previously imposed tariffs as "the equivalent of an embargo," while economists called this a "substantial de-escalation" but warned uncertainty remains.
- The pause allows further negotiations to resolve disputes, but high tariffs persist and market observers caution the truce may not lead to a long-term agreement.
694 Articles
694 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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