The US and China will reduce tariffs on each other’s goods from May 14, 2025, for 90 days, easing trade tensions.
Post-reduction, the US will impose 30 per cent duty on Chinese goods over the existing rates as on January 20, 2025.
China will impose 10 per cent additional duty on US goods, and also remove remove the non-tariff countermeasures taken against the US since April 2.
Post-reduction, the US will impose 30 per cent duty on Chinese goods over the existing rates as on January 20, 2025.
China will impose 10 per cent additional duty on US goods, and also remove remove the non-tariff countermeasures taken against the US since April 2.
