The U.S. and China announce a deal to cut tariffs, temporarily easing trade war

American levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.

May 12, 2025 - 11:17
 0
The U.S. and China announce a deal to cut tariffs, temporarily easing trade war
A woman walks past Chinese and United States

American levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.

(Image credit: Andy Wong)