Bloomberg Television
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US/China agree to move down tariff levels, says Secretary Bessent
Posted
May 12, 2025
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1:05Now PlayingAfter two days of talks in Switzerland, the US and China announced a massive de-escalation in tariffs, with the US slashing duties on Chinese products to 30% from 145% for a 90-day period, and Beijing dropping its levy on most goods to 10%. Treasury Secretary Scott Bessent speaks at a press conference.
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