U.S. and China reach deal to roll back most tariffs for 90 days. The United States and China agreed to suspend most recent tariff increases for 90 days, reducing U.S. duties on Chinese goods from 145% to 30%, while China lowered its rate from 125% to 10%.
Asia Daily: May 13, 2025
U.S. and China reach deal to roll back most tariffs for 90 days. The United States and China agreed to suspend most recent tariff increases for 90 days, reducing U.S. duties on Chinese goods from 145% to 30%, while China lowered its rate from 125% to 10%.