#TradeWarEases

U.S., China agree to lower most tariffs for 90 days amid trade talks

Both sides are hailing the temporary reprieve, which will cut U.S. duties on Chinese goods to 30 percent, but analysts say underlying issues remain.

Updated

May 12, 2025 at 5:23 a.m. EDTtoday at 5:23 a.m. EDT

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Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on May 12 that China and the U.S. have agreed to slash tariffs for 90 days. (Video: Reuters)

By Lily Kuo

, 

Christian Shepherd

 and 

Lyric Li