U.S. and China Agree to 90-Day Tariff Reduction in Major Trade Breakthrough
Washington, D.C. & Beijing – May 15, 2025 — In a significant development aimed at easing ongoing trade tensions, the United States and China have reached a mutual agreement to temporarily reduce tariffs on each other’s goods. The deal, effective immediately, introduces a 90-day tariff reduction period during which both nations will implement substantial cuts in their respective import duties.
As part of the agreement, the United States will lower tariffs on Chinese imports from 145% to 30%, while China will reduce its tariffs on American goods from 125% to 10%. The move marks a major shift in trade policy and signals a renewed effort to stabilize economic relations between the world’s two largest economies.
Senior officials from both countries emphasized that the tariff reductions are intended to foster goodwill, encourage bilateral negotiations, and stimulate economic recovery amid global uncertainty.
“This agreement represents a constructive step toward resolving long-standing trade disputes and rebalancing our economic partnership,” said a spokesperson from the U.S. Trade Representative’s office.
Chinese officials echoed similar optimism, stating that the tariff rollback would benefit businesses and consumers in both nations and open the door to further cooperation.
The 90-day window will serve as a critical period for high-level talks, with both sides expected to discuss broader issues including intellectual property, market access, and technological cooperation.
Global markets responded positively to the announcement, with major indices in Asia and the U.S. showing early gains. Economists have noted that while the reduction is temporary, it could pave the way for a more lasting resolution if negotiations continue in good faith.
