US and China agree to lower tariffs in trade war de-escalation – video

theguardian.com/us-news/video/2025/may/12/us-china-agree-lower-tariffs-trade-war-de-escalation-video

The US and China have agreed to lower tariffs on each other’s goods substantially for 90 days following negotiations last weekend. Speaking in Geneva, the US treasury secretary, Scott Bessent, said 'both sides will move their tariffs down by 115%'. It is a significant de-escalation in…

This story appeared on theguardian.com, 2025-05-12 09:02:42.
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