China and the US agree to lower tariffs for 90 days. What happens after? | DW News

The temporary 90-day truce in the US-China trade war comes into effect today, with both sides drastically cutting sky-high tariffs. The trade dispute between the world's two largest economies saw levies for both sides at well over 100 percent. That hammered global markets, with billions of dollars wiped off equities, as well as hitting global supply chains. In joint talks in Geneva at the weekend,d the US agreed to lower tariffs on Chinese goods to 30 percent. China, meanwhile, agreed to cut its own levies on US goods to 10 percent.

#tariffs #USChina #tradewar
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Post from DW News on May 14, 2025

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