JOURNAL ARTICLE

U.S. drops China tariffs to 30% after 'constructive' talks, rolling back much of Trump's trade war threats.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Gordon, Nicholas 3 of 3

Abstract

The article focuses on the recent de-escalation of trade tensions between the U.S. and China, marked by both countries agreeing to roll back tariffs that had been imposed during an escalating trade war. The U.S. will reduce tariffs on Chinese goods to a 30% rate for three months, while China will lower its tariffs on U.S. goods to 10%. This development follows negotiations in Geneva, where officials from both nations reported substantial progress and agreed to establish a new trade consultation mechanism. The pause in tariffs is seen as a significant step to mitigate potential economic damage for both countries, with concerns about job losses and shipping volume affecting their economies. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:185133975
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