Watch CBS News

U.S., China agree to slash tariffs

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.
May 12, 2025 (06:09)
View CBS News In
CBS News App Open
Chrome Safari Continue