US-China Trade Truce: 90-Day Deal Slashes Tariffs by 115 Percentage Points
The US and China have agreed to temporarily reduce trade tariffs for 90 days while continuing negotiations.
US tariffs on Chinese goods will drop from 145% to 30%, while China’s tariffs on US goods will decrease to 10%.
Treasury Secretary Scott Bessent announced the deal following talks in Switzerland, describing it as a significant step toward resolving trade tensions between the world’s largest economies.
The agreement includes cooperation on addressing the fentanyl crisis.
