US, China agree to slash tariffs by 115pc, pause trade war for 90 days

Quick Summary:

GENEVA, May 12 — The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washi...

Speaking after talks with Chinese officials in Geneva, US Treasury Secretary Scott Bessent told reporters the two sides had reached a deal for a 90 day pause on measures and that reciprocal tariffs would come down by 115 per cent.

GENEVA, May 12 — The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has disrupted the global economy and set financial markets on edge.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaSwitzerlandUnited States

Topics: Us Us-china China Us trade tariffs US-China trade war

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 15:28:32 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 83 words

Reading Time: 1 minutes read

Sentences: 21 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 28599408

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