US and China reach deal to slash trade tariffs | TheStarTV.com

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US and China reach deal to slash trade tariffs

Published on 12 May 2025 6:40:26 PM

The United States and China said on Monday (May 12) they had agreed a deal to slash reciprocal tariffs for now as the world's two biggest economies seek to end a trade war that has disrupted the global economy.

Speaking after talks with Chinese officials in Geneva, US Treasury Secretary Scott Bessent told reporters that the two sides had agreed on a 90-day pause on measures and that tariffs would come down by over 100 percentage points to 10%.

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Keywords
news, thestartv, the star, geneva, trade talks, tariff, reciprocal, tit for tat, china, usa, america, switzerland, meeting, economy, outcome

The United States and China said on Monday (May 12) they had agreed a deal to slash reciprocal tariffs for now as the world's two biggest economies seek to end a trade war that has disrupted the global economy.

Speaking after talks with Chinese officials in Geneva, US Treasury Secretary Scott Bessent told reporters that the two sides had agreed on a 90-day pause on measures and that tariffs would come down by over 100 percentage points to 10%.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, thestartv, the star, geneva, trade talks, tariff, reciprocal, tit for tat, china, usa, america, switzerland, meeting, economy, outcome