U.S. and China agree to slash most tariffs for 90 days

May 12, 2025

China and the United States have both agreed to roll back most of their recent tariffs and enter a 90-day truce in their trade war, to allow for continued discussions.

"U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145 per cent tariff rate on Chinese goods by 115 percentage points to 30 per cent, while China agreed to lower its rate on U.S. goods by the same amount to 10 per cent."

Please visit this link for more information: https://www.cbc.ca/news/world/us-china-tariffs-1.7532503

Topic(s)

CBSA Assessment and Revenue Management (CARM)

Security and Trade Facilitation Programs

International Trade and Border Management

Information source

Canadian News Channel

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