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yesterday

U.S. and China Agree to 90-Day Tariff Suspension and Rate Reductions

The agreement, effective by May 14, reduces U.S. tariffs to 30% and Chinese tariffs to 10%, alongside a framework for ongoing trade consultations.

Le secrétaire au Trésor Scott Bessent (à gauche) et le représentant au Commerce Jamieson Greer parlent aux journalistes, le 11 mai 2025 à Genève
Le CAC clôture en forte hausse lundi 12 mai.
La Chine et les Etats-Unis annoncent suspendre leurs droits de douane punitifs
«C’est une désescalade plus forte qu’attendue, car Donald Trump avait évoqué un tarif douanier de 80% sur la Chine grâce à ces négociations», estime Marcos Carias.

Overview

  • After two days of high-level negotiations in Geneva, the U.S. and China announced a 90-day suspension of punitive tariffs imposed during their trade conflict.
  • U.S. tariffs on Chinese goods will be reduced from 145% to 30%, while Chinese tariffs on U.S. imports will drop from 125% to 10%.
  • Both nations agreed to establish a formal consultation mechanism to facilitate ongoing discussions on trade and economic relations.
  • The announcement sparked a global market rally, with major stock indices and the dollar showing significant gains following the news.
  • Officials from both sides described the talks as constructive and substantial, but detailed terms of the agreement are expected to be published soon.