U.S. and China Agree to Slash Tariffs for 90 Days
May 12th, 2025Via: Yahoo!Finance:
Two days of high-stakes talks between the US and China have led to a 90-day pause on tariffs, with duties set to drop by 115% on both sides by Wednesday.
The move will drop American tariffs on Chinese goods, which currently run as high as 145%, to 30% and slash China’s retaliatory duties from 125% to 10%.
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