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U.S. and China Agree to Temporary Tariff Truce

U.S. and China Agree to Temporary Tariff Truce

May 12, 2025
CNBC

In a bid to ease trade tensions, the U.S. and China have reached a temporary truce, agreeing to suspend most tariffs on each other's goods for 90 days, while cutting the 'reciprocal' tariffs from 125% to 10%, though U.S. duties on Chinese fentanyl imports remain intact.

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