US and China finally come to an agreement over tariffs following savage trade w.r
The U.S. and China have reached a temporary agreement to ease their ongoing trade tensions, with a 90-day pause on tariffs set to begin on May 14. U.S. Treasury official Scott Bessent announced that both nations will reduce reciprocal tariffs—China’s 125% and the U.S.’s 145% rates—to 10% and 30%, respectively. However, U.S. tariffs targeting China’s alleged illegal fentanyl trade will remain in place. The deal aims to create a framework for future discussions on economic relations, with both sides calling the talks “constructive.”
While the agreement signals a potential de-escalation, it remains unclear if it will fully resolve the trade war. China’s commerce ministry emphasized a commitment to balanced trade and continued dialogue. U.S. Trade Representative Jamieson Greer noted progress on fentanyl-related discussions. The temporary truce follows weeks of retaliatory tariffs after Trump’s “Liberation Day” announcement in April, which imposed steep duties on Chinese imports. Both nations now seek to avoid further economic decoupling while addressing key trade disputes.
