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Tag: Section 301 tariffs
U.S. and China Agree to 90-Day Tariff Pause: A Comprehensive Analysis of the Trade War Truce
On May 12, 2025, the United States and China announced a significant development in their ongoing trade relations: a 90-day Tariff pause in the escalating tariff war that had strained global markets and bilateral ties. This agreement, reached during talks in Geneva, entails a substantial reduction in tariffs, with the U.S. lowering duties on Chinese goods from 145% to 30%, and China reducing tariffs on U.S. imports from 125% to 10%.
China’s 90-Day Tariff Reduction: A Strategic Pause in U.S.-China Trade Relations
On May 13, 2025, China's Ministry of Finance announced a significant policy shift: China's 90-Day Tariff Reduction on U.S. goods to 10%, effective from May 14. This move marks a notable de-escalation in the ongoing trade tensions between the world's two largest economies. The decision follows a series of reciprocal tariff increases that had escalated to unprecedented levels, with U.S. tariffs on Chinese goods reaching 145% and Chinese tariffs on U.S. goods peaking at 125% .
A Temporary Truce: The U.S.-China Tariff Reduction and Its Implications for Global Trade
U.S.-China Tariff Reduction: On May 12, 2025, the United States and China announced a significant, albeit temporary, reduction in tariffs, marking a notable de-escalation in their ongoing trade conflict. The agreement entails the U.S. lowering tariffs on Chinese goods from 145% to 30%, while China reduces its tariffs on U.S. goods from 125% to 10%, effective for a 90-day period starting May 14, 2025 . This development follows a series of tit-for-tat tariff increases that have strained bilateral relations and disrupted global supply chains.
U.S. Economy Contracts Amid Tariff Turbulence: A Comprehensive Analysis of Q1 2025
In the first quarter of 2025, the U.S. economy contracts by 0.3%, marking the first decline since early 2022 . This downturn was primarily attributed to a surge in imports as businesses and consumers rushed to purchase foreign goods ahead of new tariffs introduced by President Trump . The resulting record trade deficit significantly dragged down GDP.
U.S. and China Reach Tentative Trade Agreement Amid Tariff War
Introduction
In May 2025, the U.S. and China announced a tentative agreement aimed at de-escalating the ongoing trade war, which has seen both nations impose...
Gold Prices Decline Amid U.S.-U.K. Trade Deal and Anticipation of U.S.-China Talks
On May 9, 2025, global financial markets witnessed a notable shift as gold prices declined following the announcement of a U.S.-U.K. trade agreement and in anticipation of upcoming U.S.-China trade talks. The spot price of gold fell to $3,274.38 per ounce before rebounding slightly to $3,316.29, while U.S. gold futures settled at $3,321.60 . This movement reflects the complex interplay between international trade relations and investor behavior, particularly regarding safe-haven assets like gold.