US, China agree to lower tariffs for 90 days

theweek.com/world-news/united-states-china-trade-war-lower-tariffs

What happened
U.S. and Chinese negotiators Monday morning announced a 90-day lowering of tariffs while they work on a broader deal to end President Donald Trump's trade war with the world's No. 2 economy. Under the agreement, U.S. tariffs will fall to 30% from 145%, while China will cut…

This story appeared on theweek.com, 2025-05-12 15:54:00.
The Entire Business World on a Single Page. Free to Use →