China and the US agree to ease tariffs for 90 days as trade war talks extended

13 May 2025 ( IBTN News Bureau )

China and the US agree to ease tariffs for 90 days as trade war talks extended

May 13, 2025
A breakthrough has been made in the trade war between the world's two biggest economies.

The US and China say they will decrease reciprocal tariffs for 90 days, after negotiations in Switzerland.

US levies on Chinese imports will be lowered to 30 percent, and Beijing's tariffs on US goods will be capped at 10 percent.

Al Jazeera’s Willem Marx reports from Geneva.

(Click here for Android APP of IBTN. You can follow us on facebook and Twitter)

Share This News

About sharing

20 Oct 2026 The Russian Foreign Minister said, Russia will not abandon Iran
Russian Foreign Minister Sergey Lavrov has stated that his country will never abandon Iran....
20 Oct 2026 Following widespread violence in France, a curfew has been imposed in several cities, including some areas of Paris
Following riots and looting in France over the past few days, authorities have imposed nigh...
05 Oct 2026 The Prime Minister of Spain announced snap general elections
Spanish Prime Minister Pedro Sánchez announced on Monday that a general election wou...
05 Oct 2026 Thousands of supporters march towards Islamabad demanding Imran Khan's release
Thousands of supporters of former Prime Minister Imran Khan, currently imprisoned in Pakist...
05 Oct 2026 The foundation of India-Russia relations has been strong since the 1950s: Jaishankar
Speaking on India-Russia relations, External Affairs Minister S. Jaishankar stated that the...