NewsTrump temporarily cuts China tariffs to 30 percentThe 90-day pause lowers tariffs on each side by 115 percent.The 90-day pause lowers tariffs on each side by 115 percent.by Jess WeatherbedMay 12, 2025, 7:58 AM UTCLinkFacebookThreadsThe pause aims to provide time for further trade negotiations. Image: Cath Virginia / The Verge, Getty ImagesJess Weatherbed is a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews.The United States and China have mutually agreed to a 90-day reduction on tariffs implemented in April, while they continue to negotiate a final trade deal.The deal was hashed out by US and Chinese officials in Geneva over the weekend, and will see the US reducing duties Trump has called “reciprocal tariffs” on Chinese imports from 145 percent to 30 percent, and China lowering tariffs on US goods to 10 percent, down from 125 percent. The reductions amounted to 115 percentage points on each side.In comments to reporters on Monday morning, Trump claimed the US “achieved a total reset with China,” while a statement from China’s Commerce Ministry said it hoped the US would stop its behavior of implementing unilateral tariff hikes.This new agreement doesn’t change the removal of the de minimis exception on May 2nd, which closed a loophole that allowed businesses like Temu and Shein to send goods under $800 into the US without any added duties at all.RelatedAmerica is living in tariff limbo“We concluded that we have a shared interest,” said Treasury Secretary Scott Bessent at a news conference in Geneva. “We want more balanced trade, and I think both sides are committed to achieving that. Neither side wants a decoupling.”Update, May 12th: Added additional details from Trump and China.See More: BusinessNewsPolicyPoliticsMore in this streamSee allA $36,126.46 tariff bill.Jay PetersMay 9CommentsComment Icon BubbleTariffs are pushing up the price of Funko Pops too.Richard LawlerMay 8CommentsComment Icon BubbleKickstarter’s new Tariff Manager is now available to campaign creatorsAndrew LiszewskiMay 8CommentsComment Icon BubbleMost PopularMost PopularUnited’s Starlink-powered Wi-Fi is the end of airplane modeYou can now submit your claims for Apple’s $95 million Siri spying settlementApple may release a ‘mostly glass, curved iPhone’ in 2027Whoop backpedals on its paid upgrade whoopsCan Donald Trump really put a tariff on films?InstallerA weekly newsletter by David Pierce designed to tell you everything you need to download, watch, read, listen to, and explore that fits in The Verge’s universe.Email (required)Sign UpBy submitting your email, you agree to our Terms and Privacy Notice. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.Advertiser Content FromThis is the title for the native ad
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