NewsUS and China slash tariffsThe 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, marking a significant attempt to de-escalate the trade war between the world’s two largest economies.The deal was hashed out by US and Chinese officials in Geneva over the weekend, and will see the US reducing duties on Chinese imports from 145 percent to 30 percent, and China lowering tariffs on US goods to 10 percent, down from 125 percent. This new agreement doesn’t change the removal of the de minimis exception on May 2nd, which closed the tariff loophole that allowed businesses like Temu and Shein to send goods under $800 into the US without any duties at all.“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.”The 90-day pause is meant to provide the two countries time to negotiate a final trade deal.See More: BusinessNewsPolicyPoliticsMost PopularMost PopularUnited’s Starlink-powered Wi-Fi is the end of airplane modeWhoop backpedals on its paid upgrade whoopsNetflix is removing Black Mirror: BandersnatchCan Donald Trump really put a tariff on films?You can now submit your claims for Apple’s $95 million Siri spying settlementInstallerA 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
