U.S. and China Agree to 90-Day Tariff Truce, Markets Rally

Written by on May 12, 2025

The U.S. and China agreed to cut most tariffs and pause their trade war for 90 days to allow further talks.

Both sides will reduce tariffs by 115 percentage points, easing tensions that had threatened global trade.

Markets rallied on the news, but uncertainty remains over a long-term resolution.

US and China reach deal to roll back most tariffs for 90 days | AP News


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