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What could the US-China trade deal mean for you? | Business Live with Darren McCaffrey
Posted
May 12, 2025
Views
8,216
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35
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9
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0.54%
May 12, 2025
8,216
35
9
0.54%
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26:26Now PlayingWatch Business Live with Darren McCaffrey, as Donald Trump has floated the idea of cutting US trade tariffs against China to 80% - as key peace talks between the sides prepare to get under way.
On today's show:
The US and China, the world's largest and second-largest economies, have agreed to slash tariffs on each other as they seek to end their trade war.
Speaking after talks with Chinese officials in Geneva, US treasury secretary Scott Bessent told reporters the two sides had reached a deal for a 90-day pause on measures.
US trade representative Jamieson Greer said so-called reciprocal tariffs were now at 10% each.
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