💨 Abstract

On May 12, 2025, the U.S. and China agreed to a 90-day moratorium on retaliatory tariff hikes, reducing reciprocal tariffs from 125% to 10% for the period, excluding a 20% U.S. tariff on certain imports to combat fentanyl. Analysts are optimistic, with Deutsche Bank indicating the reduction exceeds their expectations.

Courtesy: wtop.com