Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

China will lower its tariffs on U.S. goods to 10% for an initial 90 days starting from 12:01 pm (0401 GMT) on Wednesday, Chinese finance ministry said in a statement on Tuesday.

The U.S. and China agreed to a 90-day pause in their trade conflict. Here's what China's tariffs on the U.S. looked like in 2024.

CBIZ has launched a new tariff solution service aimed at helping businesses navigate the complexities of changing trade rules, particularly in light of ongoing US-China trade tensions.

Chilean industrial conglomerate Empresas Copec said on Tuesday that the Chinese market for its forestry products could become more challenging if paper makers struggle to boost sales amid uncertainty over U.

Broadcom (NASDAQ: AVGO) has been treated as the “new Nvidia” in recent years, but things didn’t go so well as broader macro troubles dragged it down by over 41% from its peak. However, AVGO stock rallied back in earnest after tariffs started being paused and deals were made. It has since bounced back by 51.5% from its trough in April.

It may only be a 90-day reprieve from the steepest of Trump’s China tariffs, but it’s enough time to entice companies to restart factory operations and start shipping.

When she heard the news that Washington had slashed punitive tariffs on China for at least 90 days, Deng Jinling, manager of a Chinese company that exports thermos flasks to the U.S., popped open a bottle of champagne with her husband.