#TradeWarEases

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#TradeWarEases: Temporary agreement between the United States and China to ease trade tensions

In a surprising turn of events, the United States and China announced on May 12, 2025, a temporary agreement to ease trade tensions between them, resulting in a significant reduction in mutual tariffs for 90 days.

Details of the agreement

Tariff reduction: The United States agreed to reduce tariffs on Chinese goods from 145% to 30%, while China reduced tariffs on American products from 125% to 10%.

Duration of the agreement: This easing lasts for 90 days, during which further negotiations are expected to reach a permanent trade agreement.