US-China trade deal: Beijing lowers tariffs on American goods from 125% to 10% for 90 days, US cuts duties to 30%
Riya R Alex
Published 12 May 2025, 12:56 PM IST US-China trade deal
With the ongoing trade discussions between the United States and China, Beijing has proposed to reduce tariffs on goods from the US to 10% from 145% for 90 days. Meanwhile, the US has proposed to cut tariffs on Chinese goods to 30% from 145%.
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