China and US agree to slash tariffs for 90 days

Markets have rallied after a weekend agreement to reduce tariffs to 10% in China and 30% in the US is good news for companies and markets, and the US dollar; however, pharmaceutical stocks are down as US president Donald...

Koichiko Koichiko
May 12, 2025 - 21:01
0 4
China and US agree to slash tariffs for 90 days

May 12, 2025

China and the US have agreed to slash tariffs on each other’s imports for 90 days. China have reduced their tariffs to 10% on US imports, while the US had reduced its tariffs on Chinese imports to 30%, with some exceptions.

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