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U.S., China agree to slash tariffs for 90 days

Name: U.S., China agree to slash tariffs for 90 days
Uploaded: 2025-05-12T07:01:00-0400
Duration: 6 min 9 s
Description: Treasury Secretary Scott Bessent announced a temporary period of lower tariffs between the U.S. and China. The reprieve is good news for business owners in both nations who were reeling from President Trump's trade strategy. CBS News' Natalie Brand and Anna Coren report.

Treasury Secretary Scott Bessent announced a temporary period of lower tariffs between the U.S. and China. The reprieve is good news for business owners in both nations who were reeling from President Trump's trade strategy. CBS News' Natalie Brand and Anna Coren report.