China, US slash most tariffs on each other after first round of trade talks
Read more about this: https://sc.mp/o2nwu
China and the United States have agreed to remove most tariffs they had imposed on each other since April 2, 2025. The breakthrough came after high-stakes talks in Geneva in a bid to resolve a trade war that had raised import duties to unprecedented levels. The two countries announced the agreement in a joint statement released on May 12.
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