What does the US-China tariff deal mean?

Quick Summary:

The agreement marks a major de-escalation of the trade war between the world's two biggest economies.

The US and China have agreed a truce to lower import taxes on goods being traded between the two countries.

US Treasury Secretary Scott Bessent said the consensus from both countries was that "neither side wants a decoupling", while China's commerce ministry said the agreement was a step to "lay the foundation to bridge differences and deepen co-operation".

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Article Details

Category: Business

Markets: United KingdomChinaSouth AfricaSwitzerlandTurkeyUnited States

Topics: Agreement Been Goods Tariffs Biggest China Trade Deal Countries Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 16:10:13 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 965 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 28727390

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