US-China Trade War Pauses: Both Sides Mutually Reduce Tariffs by 115% – US Down to 30%, China Down to 10%
The United States and mainland China held two days of economic and trade negotiations in Geneva, Switzerland, and issued a joint statement on local time May 12th, announcing that both sides will temporarily suspend the imposition of some tariffs for 90 days to ease heightened trade tensions and pave the way for subsequent negotiations.