U.S. & China Reach Initial Trade Deal
Posted On
May 22, 2025
On May 12, the U.S. and China announced a cooling of the ongoing economic dispute by mutually reducing tariffs on goods traded between the two countries for 90 days, with the expectation that negotiations will continue. The U.S. will reduce tariffs on Chinese goods to 30%, down from 145%. China will drop U.S. tariffs from 125% to 10%.
Read more: White House Fact Sheet → | Joint Statement on U.S.-China Economic and Trade Meeting →