The U.S. Secretary of the Treasury, Scott Bessent (right), and the U.S. Trade Representative, Jamieson Greer, during a press conference in Geneva on May 12, 2025. (Credit: Fabrice Coffrini/AFP.)
United States and China will reduce their reciprocal punitive tariffs to 30% for Chinese products imported into America and 10% for U.S. products imported into China, U.S. Trade Representative Jamieson Greer explained Monday in Geneva.
After months of a trade war and two days of negotiations this weekend in Geneva, both parties have lowered their tariffs by 115 percentage points for a period of 90 days, while negotiations continue, explained Greer and U.S. Treasury Secretary Scott Bessent.
United States and China will reduce their reciprocal punitive tariffs to 30% for Chinese products imported into America and 10% for U.S. products imported into China, U.S. Trade Representative Jamieson Greer explained Monday in Geneva.
After months of a trade war and two days of negotiations this weekend in Geneva, both parties have lowered their tariffs by 115 percentage points for a period of 90 days, while negotiations continue, explained Greer and U.S. Treasury Secretary Scott Bessent.
US military deployments in Middle East 'quietly' extended into 2027, WSJ reports
Iran retaliates with reported strikes on US targets, despite Trump threat