U.S. and China agree to a temporary trade deal – but tariffs are still higher than what they were before Trump

5 months ago 7

Big Tech, Wall Street, small businesses, and consumers threatened by Trump's tariffs can now breathe a sigh of relief…at least for the time being.

In the early morning hours on Monday, President Donald Trump's Treasury Secretary Scott Bessent announced that the U.S. and China had come to a temporary trade agreement while meeting in Geneva over the weekend.

Most notably, this temporary deal will see both countries slash their tariffs for a period of 9...

Source: https://mashable.com/article/trump-us-china-may-2025-temporary-tariff-trade-deal

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