💨 Abstract

On May 12, 2025, the U.S. and China agreed to a 90-day tariff rollback to ease trade tensions. The U.S. will reduce its 145% tariff rate on Chinese goods to 30%, and China will lower its tariff on U.S. goods to 10%. Both sides will continue talks to address ongoing trade issues. The announcement was made in Geneva by U.S.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖