U.S., China agree to 90-day tariff pause
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Published
5/19/2025
The United States and China have agreed to scale back import tariffs for 90 days after a meeting of top trade officials from the two countries in Switzerland.
The countries agreed to reduce reciprocal tariffs imposed after April 2 by 115% during the 90-day pause, according to U.S. Treasury Secretary Scott Bessent, who negotiated terms along with U.S. Trade Representative Jamieson Greer.
As a result, the 145% U.S. tariffs on Chinese goods ...
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