• U.S. and China Agree to Temporary Tariff Reductions Following Geneva Discussions

    Today, May 12. 2025,the United States and China announced an agreement to reduce tariffs on each other’s goods for a limited period of 90 days. The outcome follows several days of technical discussions held in Geneva between senior economic officials from both countries. The agreement applies to tariff and non-tariff measures imposed in recent months and is intended to facilitate further dialogue.
    Summary of Measures
    The joint statement outlines the following:
    The United States will lower

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