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Tag: tariff policy
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% .
Navigating the Trade-Offs: A Comprehensive Analysis of U.S. Trade Policy and Its Implications
Introduction
In the May 2025 issue of National Review, the editorial board presents a thematic exploration titled "Trade-Offs," delving into the complexities and consequences of...
U.S. and China Slash Tariffs in 90-Day Truce: A Legal and Policy Analysis of the Temporary Trade Reset
On May 12, 2025, the United States and China announced a significant de-escalation in their ongoing trade conflict. In a surprising turn of events, both the U.S. and China Slash Tariffs in 90-day Truce, reducing reciprocal tariffs that had previously reached unprecedented levels. The U.S. lowered tariffs on Chinese goods from a peak of 145% to 30%, while China reduced its tariffs on U.S. imports from 125% to 10%. This agreement, reached during negotiations in Geneva, aims to provide temporary relief to global markets and businesses affected by the prolonged trade war .
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.
Tariff Tensions and Market Reactions: Navigating the U.S.-China Trade Landscape in 2025
INTRODUCTION
In April 2025, the global economic landscape was significantly influenced by escalating trade tensions between the United States and China. The imposition of substantial...