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May 12, 2025, the United States and China have reached a significant agreement to reduce tariffs on each other's goods for a 90-day period, aiming to ease ongoing trade tensions.

The U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce tariffs on U.S. goods from 125% to 10% .

These reductions are set for a 90-day period, providing a window for further negotiations .