Defense Politics Asia – > 99
orig date 2025-05-13 01:57:32
TARIFF DROP TO 10%!!! USA & China agree to 90 Day reduction of tariff to negotiate trade differences
The U.S. and China on Monday agreed to temporarily suspend most tariffs on each other’s goods in a move that shows a major thawing of trade tensions between the world’s two largest economies.
The trade agreement means that “reciprocal” tariffs between both countries will be cut from 125% to 10%. The U.S.′ 20% duties on Chinese imports relating to fentanyl will remain in place, meaning total tariffs on China stand at 30%.
—
X: https://x.com/defensepolitics
Telegram: https://t.me/defensepoliticsasia
DPA Forum: https://t.me/DPAForum
DPA Chat: https://t.me/DPAChat
Discord: https://discord.gg/gc6DW6DpHk
WhatsApp: https://whatsapp.com/channel/0029VaSA7YQ7z4klxxYTcH0s