U.S. and China agree to lower tariffs on imports for 90 days
May 12, 2025 | Industry News, News
U.S. and Chinese officials announced that they have agreed to pause the recently imposed tariffs on imports from each country for 90 days, beginning May 14. The U.S. will lower its 145% tariff on Chinese imports to 30%, and China will decrease its tariff on American imports to 10%. Officials from bo…