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U.S. and China agree to lower reciprocal tariffs for 90 days
Fortune
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5/13/2025
The Trump administration announced on Monday that it will roll back most of the tariffs it had imposed on China.
Category
🤖
Tech
Transcript
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00:00
We have reached an agreement on a 90-day pause and substantially moved down the tariff levels.
00:16
Both sides on the reciprocal tariffs will move their tariffs down 115 percent.
00:23
So there was very good personal interaction.
00:27
Both countries represented their national interests very well.
00:32
We concluded that we have shared interest, and we both have an interest in balanced trade.
00:42
And now with the Chinese, after this weekend, we have a mechanism for continued talks.
00:49
But the consensus from both delegations this weekend is neither side wants a decoupling.
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