US and China Slash Tariffs for 90-Day Trade Deal

A major breakthrough in US-China trade relations has been reached with a significant tariff reduction agreement signed on May 12, 2025. This accord aims to lower tariffs by 115 percentage points over a 90-day period, primarily impacting import duties between the two countries. This move signals a shift away from escalating trade tensions and a potential re-emergence of economic cooperation. Market analysts are cautiously optimistic about this new trade pact, noting a positive response in investor confidence.