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14 May 2025
China, US slash sweeping tariffs in trade war climbdown
Summary: The United States and China have agreed to a 90-day tariff reduction, lowering US tariffs on Chinese goods to 30% and Chinese tariffs on US goods to 10%. This de-escalation in trade tensions, following a weekend deal in Geneva, aims to alleviate economic pain caused by the trade war. However, analysts warn of potential renewed escalation after the 90-day period.
Link: https://www.channelnewsasia.com/world/china-us-trump-tariffs-trade-war-90-days-5128621