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U.S. and China have agreed to temporarily reduce tariffs for 90 days. Here are the details.

Name: U.S. and China have agreed to temporarily reduce tariffs for 90 days. Here are the details.
Uploaded: 2025-05-12T07:02:00-0400
Duration: 1 min 38 s
Description: The United States and China announced a step toward ending their trade war. Both countries have agreed to sharply reduce tariffs for 90 days. Last month, the U.S. imposed a 145% tariff on Chinese goods and Beijing responded with 125% tariffs on American products. CBS News' Caitlin Huey Burns has the latest.

The United States and China announced a step toward ending their trade war. Both countries have agreed to sharply reduce tariffs for 90 days. Last month, the U.S. imposed a 145% tariff on Chinese goods and Beijing responded with 125% tariffs on American products. CBS News' Caitlin Huey Burns has the latest.