The US has reduced tariffs on Chinese goods from 145% to 30% for 90 days, reciprocated by China lowering its tariffs on US goods.
This temporary tariff reduction follows high-level talks in Geneva and marks a de-escalation in the ongoing trade war between the two countries.
Both nations committed to further actions by May 14, 2025, aiming to ease regulatory uncertainty and stabilize the global economy.
The agreement includes a mechanism for continued discussions, suggesting a potential path towards longer-term solutions to trade disagreements. Show Less
