US, China suspend part of their tariffs for 90 days; tariffs to come down 115%

May 12, 2025 - 00:30
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US, China suspend part of their tariffs for 90 days; tariffs to come down 115%
The United States and China have agreed to a 90-day part suspension of tariffs, signaling a potential breakthrough in trade negotiations. US Treasury Secretary Scott Bessent announced the suspension alongside a commitment to significantly reduce existing tariff rates by 115%.

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