The U.S. and China announce a deal to cut tariffs, temporarily easing trade war
Monday, 12 May 2025 () American levies on Chinese goods will drop from at least 145% to 30% for an initial period 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.
In a surprising move, the United States and China have announced a truce in their ongoing trade war following high-stakes talks in Geneva. The deal will see tariffs significantly reduced, with the U.S. cutting its tariffs from 145% to 30%, and China slashing its tariffs from 125% to 10%. But is this...
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President Donald Trump has announced a major development in U.S.-China trade talks, revealing that China has agreed to “open up” to U.S. businesses and suspend trade barriers. This comes after a..
The US and China have agreed to lower tariffs on each other’s goods substantially for 90 days following negotiations last weekend. Speaking in Geneva, the US... Upworthy
*Key takeaways:*
· Bitcoin lags as investors shift toward stocks after the US and China strike a deal that could end the current trade war.
·... The Cointelegraph Also reported by •IndiaTimes •Upworthy
The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has... News24