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.
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