BREAKING: US-China Agree to 90-Day Tariff Truce | Markets Soar
Heena Sharma | Updated : May 12 2025, 06:00 PM IST
In a significant development, the United States and China have agreed to a 90-day suspension of reciprocal tariffs, reducing U.S. tariffs on Chinese goods from 145% to 30%, and Chinese tariffs on U.S. goods from 125% to 10%. This agreement, announced after talks in Geneva, has led to a surge in global financial markets.
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