A new US-China trade deal announced on May 12, 2025, promises a 90-day tariff pause, reducing tariffs on Chinese goods from 145% to 30% and on US goods from 125% to 10%.
The agreement marks a de-escalation in the trade conflict, with both President Trump and Chinese officials expressing optimism and mutual respect.
Global markets rallied in response to the tariff pause, but uncertainties remain for long-term planning as negotiations continue.
While the deal offers opportunities for boosting exports and easing economic strain, challenges like unresolved issues and fairness concerns pose hurdles in achieving a lasting agreement.