Breaking News: U.S. and China agree to slash tariffs for 90 days
The newsletter from The New York Times, sent on May 12, 2025, at 4:05 a.m. Eastern Time, highlighted a significant development in the U.S.-China trade war. The breaking news reported that the two countries have agreed to temporarily reduce tariffs in an effort to ease tensions. Specifically, the U.S. announced a substantial decrease in tariffs on Chinese goods from 145 percent to 30 percent as part of the deal. The U.S. Treasury secretary emphasized the importance of avoiding a complete separation of the two economies, stating that "neither side wanted a decoupling."
Products
The newsletter did not mention any specific products. It primarily focused on the diplomatic agreement between the U.S. and China regarding tariff reductions.
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