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3mo ago

U.S. and China Begin 90-Day Tariff Truce in Trade Conflict

The agreement reduces tariffs, lifts select restrictions, and sparks cautious optimism, but key tensions and risks of re-escalation remain.

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Le secrétaire américain au Trésor, Scott Bessent (d), et le représentant américain au Commerce, Jamieson Greer, lors d'une conférence de presse à Genève, le 12 mai 2025, après une réunion à huis clos de deux jours entre les hauts responsables américains et chinois pour fin à une guerre tarifaire
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Overview

  • The U.S. and China have agreed to suspend most punitive tariffs for 90 days, effective May 14, following weekend negotiations in Geneva.
  • Under the truce, U.S. tariffs on Chinese goods drop to 30%, while Chinese tariffs on American products are reduced to 10%.
  • China has lifted its ban on Boeing aircraft deliveries, and the U.S. has rescinded new export restrictions on AI-related semiconductors.
  • A 20% U.S. tariff remains in place to pressure China on fentanyl precursor controls, highlighting ongoing tensions in the agreement.
  • The European Union remains excluded from tariff relief discussions, underscoring strained transatlantic relations and potential global trade shifts.