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May 12, 2025, 4:05 a.m. ET |
BREAKING NEWS
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| Valentin Flauraud/Agence France-Presse — Getty Images |
U.S. and China Agree to Temporarily Slash Tariffs in Bid to Defuse Trade War
The 145 percent U.S. tariff on Chinese goods will come down to 30 percent under the deal. The U.S. Treasury secretary said “neither side wanted a decoupling.”
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