US, China Reach Deal To Slash Reciprocal Tariffs By 115%

May 12, 2025 - 14:30
US, China Reach Deal To Slash Reciprocal Tariffs By 115%

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The US and China will temporarily lower tariffs on each other's products, according to a joint statement released in Geneva, in a move to cool trade tensions and give the world's two largest economies three more months to resolve their differences.

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