#BinancePizza US Treasury Secretary Scott Bessent said at a press conference on Monday (12/5/2025) that an agreement has been reached with China to postpone the tariffs. Along with that, the reciprocal tariff rates will also be reduced by up to 115%.

"We have reached an agreement to take a 90-day pause and significantly lower the tariff rates. Both parties in the reciprocal tariffs will reduce their rates by 115%," said Bessent.