#TradeWarEases USA and China Temporarily Reduce Tariffs

Today, May 12, 2025, the USA and China announced a significant easing of trade tensions, reaching an agreement for a 90-day reduction in tariffs.

📉 The USA will reduce tariffs on Chinese goods from 145% to 30%, while China will reduce tariffs on American imports from 125% to 10%.

🤝 The negotiations took place in Geneva with the participation of US Treasury Secretary Scott Bessent and Trade Representative Jamison Greer, as well as Chinese Vice Premier He Lifeng. The parties described the meetings as 'productive' and 'constructive', noting a shared desire to avoid an economic rupture and achieve a more balanced trade.