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Tag: trade negotiations
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. 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...
Oil Markets on Edge: U.S.-China Trade Talks Signal Potential Shift in Global Energy Dynamics
U.S.-China Trade Talks: On May 9, 2025, global oil markets experienced a modest uptick, with Brent crude rising to $63.07 per barrel and U.S. West Texas Intermediate reaching $60.12 per barrel. This increase follows a 3% surge the previous day, primarily attributed to easing trade tensions between the United States and China, the world's two largest oil consumers. The anticipation of high-level trade discussions scheduled for May 10 in Switzerland between U.S. Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng has injected cautious optimism into the markets.