US, China agree to lower tariff rates

( May 12, 2025, 14:34 GMT | Official Statement) -- MLex Summary: The US and China have agreed to lower tariff rates imposed against each other for 90 days starting May 14 while they continue to discuss economic and trade relations. The US and China agreed to lower their tariffs by 115 percent while retaining an additional 10 percent tariff.Joint statement and fact sheet follow below:...

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Prepare for tomorrow’s regulatory change, today

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