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U.S., China agree to slash tariffs for 90 days

Posted

May 12, 2025

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Treasury Secretary Scott Bessent announced a temporary period of lower tariffs between the U.S. and China. The reprieve is good news for business owners in both nations who were reeling from President Trump's trade strategy. CBS News' Natalie Brand and Anna Coren report.

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Treasury Secretary Scott BessentChina ThePresident Trump'sCBS News' Natalie BrandAnna CorenCBS News YouTubeWatch CBS NewsFollow CBS News

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U.S., China agree to slash tariffs for 90 days · CBS News · Sentinel