💨 Abstract

On May 12, 2025, the U.S. and China agreed to temporarily reduce most of their recent tariffs for 90 days as they continue negotiations to resolve their trade conflicts. The U.S. will decrease its tariff rate on Chinese goods from 145% to 30%, and China will lower its rate on U.S. goods from 150% to 10%. The agreement was announced by U.S.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖