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  • China and U.S. reach deal to scale back tariffs

    2025-05-13 10:48:15   [Print]
    On May 12, China and the United States announced a series of tariff adjustment measures aimed at easing trade tensions, according to a joint statement issued by both governments in Geneva, Switzerland.

    The U.S.Asian Metal Copyright Regarding the 34% retaliatory tariffs imposed in response to U.Asian Metal Copyright agreed to remove a total of 91% additional tariffs it had imposed on China, while China correspondingly would remove 91% counter tariffs on the U.Asian Metal CopyrightOn May 12, China and the United States announced a series of tariff adjustment measures aimed at easing trade tensions, according to a joint statement issued by both governments in Geneva, Switzerland.Asian Metal CopyrightS.Asian Metal Copyright The U.Asian Metal Copyright Additionally, the U.Asian Metal Copyright China will also suspend or cancel corresponding non-tariff countermeasures against the United States.Asian Metal CopyrightS.Asian Metal Copyright .Asian Metal Copyright will amend the 34% reciprocal tariff imposed on Chinese goods, placing a 90-day pause on 24% tariffs for 90 days while maintaining the remaining 10%.Asian Metal Copyright measures, China will accordingly place a 90-day pause on 24% tariffs while maintaining the remaining 10%.Asian Metal Copyright Regarding the 34% retaliatory tariffs imposed in response to U.Asian Metal Copyright .Asian Metal CopyrightS.Asian Metal Copyright In the joint statement, the two sides commit to taking the actions by May 14 and agree to establish a mechanism to continue discussions about economic and trade relations.Asian Metal Copyright measures, China will accordingly place a 90-day pause on 24% tariffs while maintaining the remaining 10%.Asian Metal Copyright agreed to remove a total of 91% additional tariffs it had imposed on China, while China correspondingly would remove 91% counter tariffs on the U.Asian Metal Copyright China will also suspend or cancel corresponding non-tariff countermeasures against the United States.

    In the joint statement, the two sides commit to taking the actions by May 14 and agree to establish a mechanism to continue discussions about economic and trade relations.

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