US, China Agree to Lower Tariffs in 90-Day Cool-Off Period
- Posted on May 12, 2025
- By The Toronto Star
- 1 Views
US, China Agree to Lower Tariffs in 90-Day Cool-Off Period
The combined 145% U.S. levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14, while the 125% Chinese duties on U.S. goods will drop to 10%.
