Source: Politico
“The United States and China have agreed to slash punitive tariffs against each other in a major deescalation of Donald Trump’s trade war that sent stock markets sharply higher on Monday. The U.S. will cut tariffs on Chinese imports from 145 percent to 30 percent, while the Chinese side will drop measures from 125 percent to 10 percent. The suspension is temporary for now, lasting 90 days, allowing time for further negotiations.” (05/12/25)
https://www.politico.eu/article/us-china-cut-tariffs-dramatically-donald-trump-trade-war/