Watch CBS News

U.S., China agree 90-day tariff reduction, furthering possible resolution in trade war

China has agreed to lower its rate on US goods by about the same percentage points to 10%. The U.S. and China are committing to a 90-day suspension of most levies imposed since early April.
May 12, 2025 (01:34)
Videos
View CBS News In
CBS News App Open
Chrome Safari Continue