{"id":31569,"date":"2025-05-12T14:52:00","date_gmt":"2025-05-12T09:22:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=31569"},"modified":"2025-05-12T14:52:00","modified_gmt":"2025-05-12T09:22:00","slug":"us-china-agree-on-temporary-tariff-reductions-amid-trade-talks","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/us-china-agree-on-temporary-tariff-reductions-amid-trade-talks\/","title":{"rendered":"US-China Agree on Temporary Tariff Reductions Amid Trade Talks"},"content":{"rendered":"<p>The United States and China have agreed to temporarily reduce tariffs on each other\u2019s goods during ongoing negotiations in Geneva. According to a <em>Mint<\/em> report, China has proposed slashing duties on US products from a staggering 145% to just 10% for a period of 90 days, while the US plans to lower tariffs on Chinese goods to 30% from the same elevated baseline.<\/p>\n<p>The agreement, formalised in a joint statement issued in Geneva, is being viewed as the first major step towards stabilising trade relations between the world\u2019s two largest economies. As reported by <em>Mint<\/em>, the move follows President Donald Trump\u2019s 2 April declaration of reciprocal tariffs targeting global trade partners, with China bearing the brunt of the increases.<\/p>\n<p>The latest discussions were the first face-to-face meetings between senior US and Chinese economic officials since President Trump began his second term in office. Both sides agreed to a 90-day window of reduced tariffs to allow for further negotiation and the potential formation of a longer-term trade framework.<\/p>\n<p>\u201cWe had a very robust and productive discussion on steps forward on fentanyl,\u201d said US Treasury Secretary Scott Bessent, adding that both nations agreed that &#8220;neither side wants to decouple.&#8221; The talks also touched upon broader economic cooperation, with both parties committing to continued dialogue. The joint statement outlined plans to establish a formal mechanism for ongoing trade and economic engagement.<\/p>\n<p>As <em>Mint<\/em> highlighted, this d\u00e9tente is particularly significant given the aggressive tariff escalations of recent months. China\u2019s previous retaliatory tariffs had reached more than 125%, in response to Washington&#8217;s protectionist stance. The proposed reductions now offer some breathing space for exporters on both sides, potentially averting further escalation and disruption to global supply chains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States and China have agreed to temporarily reduce tariffs on each other\u2019s goods during ongoing negotiations in Geneva. According to a Mint report, China has proposed slashing duties on US products from a staggering 145% to just 10% for a period of 90 days, while the US plans to lower tariffs on Chinese&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-31569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US-China Agree on Temporary Tariff Reductions Amid Trade Talks - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/us-china-agree-on-temporary-tariff-reductions-amid-trade-talks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US-China Agree on Temporary Tariff Reductions Amid Trade Talks - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"The United States and China have agreed to temporarily reduce tariffs on each other\u2019s goods during ongoing negotiations in Geneva. According to a Mint report, China has proposed slashing duties on US products from a staggering 145% to just 10% for a period of 90 days, while the US plans to lower tariffs on Chinese&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/us-china-agree-on-temporary-tariff-reductions-amid-trade-talks\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-12T09:22:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/05\/90.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/us-china-agree-on-temporary-tariff-reductions-amid-trade-talks\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/05\/90.jpg\",\"width\":1000,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/us-china-agree-on-temporary-tariff-reductions-amid-trade-talks\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/us-china-agree-on-temporary-tariff-reductions-amid-trade-talks\/\",\"name\":\"US-China Agree on Temporary Tariff Reductions Amid Trade Talks - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/us-china-agree-on-temporary-tariff-reductions-amid-trade-talks\/#primaryimage\"},\"datePublished\":\"2025-05-12T09:22:00+00:00\",\"dateModified\":\"2025-05-12T09:22:00+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/us-china-agree-on-temporary-tariff-reductions-amid-trade-talks\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/31569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=31569"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/31569\/revisions"}],"predecessor-version":[{"id":31571,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/31569\/revisions\/31571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/31570"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=31569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=31569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=31569"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=31569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}