#USChinaTradeTalks The US-China trade talks have led to a significant agreement between the two countries. Here's a breakdown of the deal ¹:

- *Tariff Reductions*: Both countries will lower tariffs by 115% while retaining an additional 10% tariff. China will remove retaliatory tariffs announced since April 4, 2025, and suspend its initial 34% tariff on the US for 90 days.

- *US Actions*: The US will remove additional tariffs imposed on China on April 8 and 9, 2025, but retain duties imposed prior to April 2, 2025, including Section 301 tariffs and Section 232 tariffs.

- *Chinese Actions*: China will suspend non-tariff countermeasures taken against the US since April 2, 2025, and retain a 10% tariff during the 90-day pause on the 34% tariff.

- *Future Discussions*: Both nations will establish a mechanism to continue trade and economic discussions, aiming to address trade imbalances and deliver benefits to American workers, farmers, and businesses.

- *Fentanyl Crisis*: The US and China will take aggressive actions to stem the flow of fentanyl and other precursors from China to illicit drug producers in North America.

*Key Benefits*

- *Reduced Trade Tensions*: The agreement reduces trade tensions between the two countries.

- *Increased Market Access*: The deal sets a path for future discussions to open market access for American exports.

- *Protection for American Interests*: The agreement protects American workers, farmers, and businesses by setting a fair baseline tariff that encourages domestic production and strengthens supply chains.

*Next Steps*

- *Implementation*: Both countries will implement the agreed-upon changes by May 14, 2025.

- *Ongoing Discussions*: The US and China will continue discussions on trade and economics, with the US represented by Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson Greer, and China represented by Vice Premier He Lifeng.