#TradeWarEases On May 12, 2025, the United States and China agreed to a 90-day reduction in tariffs, marking a significant de-escalation in their ongoing trade war. The U.S. will lower tariffs on Chinese goods from 145% to 30%, while China will reduce tariffs on U.S. imports from 125% to 10%. This temporary truce, effective until August 10, aims to provide relief to businesses and consumers affected by the prolonged trade tensions.