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US, China to Slash Tariffs During 90-Day Reprieve for Talks
Posted
May 12, 2025
Views
11,074
Likes
115
Comments
126
Engagement
2.18%
May 12, 2025
11,074
115
126
2.18%
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1:06Now PlayingThe US and China will temporarily lower tariffs on each other’s products in a dramatic ratcheting down of trade tensions that buys the world’s two largest economies three months to work toward a broader agreement.
The combined 145% US levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14, while the 125% Chinese duties on US goods will drop to 10%, according to a joint statement and from officials in a briefing Monday in Geneva.
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