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Donald Trump's US, Xi Jinping's China slash tariffs, agree for 90-day pause on reciprocal duties
Credit: DNA- Published on May 12, 2025
US and China have formally agreed to slash tariff levels imposed on each other. they have amde agreements for a 90 days long pause amid ongoing trade war between two superpowers.
Video credit: AFP English
Published on May 13, 2025 - 01:11
US and China agree to slash tit-for-tat tariffs temporarily: US trade chief
The United States and China have agreed to temporarily slash their tit-for-tat tariffs, with the US rate down to 30 percent and Chinese duties cut to to 10 percent, the US trade chief says. Following a weekend of trade talks in Geneva, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer tell reporters the sides had agreed to temporarily roll back "reciprocal tariffs" by 115 percentage points for a 90 day period.
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