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CNBC World News

May 12, 2025

President Donald Trump said China "agreed to open itself up to American business" after they struck a deal to temporarily slash tariffs.

ABC News

May 12, 2025

The U.S. temporarily cut tariffs on Chinese goods from 145% to 30%.

Washington Post World News

May 12, 2025

Both sides are hailing the temporary reprieve, which will cut U.S. duties on Chinese goods to 30 percent, but analysts say underlying issues remain.

NPR Topics: News

May 12, 2025

Stocks soared — and businesses breathed a sigh of relief — as the U.S. and China agreed to temporarily slash their triple-digit tariffs.

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