US, China reach deal to temporarily slash tariffs, easing slump fears - News Summed Up

US, China reach deal to temporarily slash tariffs, easing slump fears


US Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson Greer attend a news conference after trade talks with China in Geneva, Switzerland, May 12, 2025. REUTERS/Olivia Le PoidevinUS Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson Greer attend a news conference after trade talks with China in Geneva, Switzerland, May 12, 2025. The duties are also still higher than before US President Donald Trump announced a raft of tariffs on Apr 2. In April, it said it was looking to resell potentially dozens of planes locked out of China by tariffs. "Over the next 90 days we have a mechanism to meet with the Chinese trade delegation," he told MSNBC in a separate interview.


Source: bd News24 May 12, 2025 09:38 UTC



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