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U.S. and China Reach 90-Day Pause in Major Tariff Breakthrough
The U.S. and China have agreed to slash tariffs on each other's goods for 90 days. Both sides will lower their tariffs on the other's goods by 115% for 90 days, U.S. Treasury Secretary Scott Bessent said early Monday. The pause will also allow for further negotiations.
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In April, the U.S. placed an additional 125% tariff on top of an existing 20% rate for some Chinese goods. China responded by ...
Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.
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