{"id":25107,"date":"2025-05-12T07:50:07","date_gmt":"2025-05-12T07:50:07","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/u-s-and-china-to-ease-tariffs-significantly-for-90-days-white-house-announces\/"},"modified":"2025-05-12T07:50:07","modified_gmt":"2025-05-12T07:50:07","slug":"u-s-and-china-to-ease-tariffs-significantly-for-90-days-white-house-announces","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/u-s-and-china-to-ease-tariffs-significantly-for-90-days-white-house-announces\/","title":{"rendered":"U.S. and China to ease tariffs significantly for 90 days, White House announces"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     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class=\"lazyload embed__frame\" data-width=\"1920\" data-height=\"1080\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" id=\"trump-seems-open-lowering-tariff-rate-china--hero\" title=\"Video: Trump seems open to lowering tariff rate on China\" data-sort-time=\"1746834012000\" data-update-time=\"1746834012000\"><\/iframe><\/p><\/div>\n<p>          <button class=\"player-overlay__button--icon-close__mobile\" data-target=\"\" aria-label=\"Close sticky player\"><br \/>\n        <svg class=\"player-overlay__button--icon\">\n          <use xlink:href=\"#player-icon-close\"\/>\n        <\/svg><br \/>\n      <\/button><\/p><\/div>\n<\/p><\/div><figcaption class=\"embed__caption-container\">\n                              <a href=\"https:\/\/www.cbsnews.com\/video\/trump-seems-open-lowering-tariff-rate-china\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\">\n              <use xlink:href=\"#icon-video\"\/>\n            <\/svg><br \/>\n          <\/span><\/p>\n<p>          <span class=\"embed__headline\">Trump seems open to lowering tariff rate on China<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">06:40<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<section class=\"content__body\">\n<p>The U.S. and China have agreed to a temporary but significant easing of the tariffs imposed over the last couple months, the country&#8217;s said in a joint statement shared by the White House, heralding significant success in trade negotiations that ramped up over the weekend.<\/p>\n<p>In the joint statement released early Monday morning, the two sides said they had agreed that <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/us-china-talks-tariffs\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">ongoing &#8220;discussions<\/a><\/span>\u00a0have the potential to address the concerns of each side in their economic and trade relationship,&#8221; and that &#8220;moving forward in the spirit of mutual opening, continued communication, cooperation, and mutual respect,&#8221; both parties had committed to a 90-day suspension of most of the levies imposed since early April.<\/p>\n<p>&#8220;We have reached an agreement on a 90-day pause,&#8221; U.S. Treasury Secretary Scott Bessent told reporters in Geneva, Switzerland, where he spent the weekend in meetings with Chinese counterparts. He said Washington and Beijing would reduce their reciprocal tariffs by 115 percentage points for three months to give the negotiations room to move forward.<\/p>\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\">\n<p>      <span class=\"img embed__content\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/05\/12\/264e79bc-8f40-4161-8038-24070e803f49\/thumbnail\/620x413\/f9e6221979c9127fdd75af55394b3dc0\/bessent-china-trade-geneva-2214092889.jpg?v=e61856d8e666e7ed5709adc37bb2d465#\" alt=\"SWITZERLAND-US-CHINA-DIPLOMACY-TARIFF-TRADE \" height=\"413\" width=\"620\" class=\" lazyload\" srcset=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/05\/12\/264e79bc-8f40-4161-8038-24070e803f49\/thumbnail\/620x413\/f9e6221979c9127fdd75af55394b3dc0\/bessent-china-trade-geneva-2214092889.jpg?v=e61856d8e666e7ed5709adc37bb2d465 1x, https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/05\/12\/264e79bc-8f40-4161-8038-24070e803f49\/thumbnail\/1240x826\/66e7db3aa475b11018541b98564aa2e4\/bessent-china-trade-geneva-2214092889.jpg?v=e61856d8e666e7ed5709adc37bb2d465 2x\" loading=\"lazy\"\/><\/span><figcaption class=\"embed__caption-container\">\n<p>                  <span class=\"embed__caption\">U.S. Treasury Secretary Scott Bessent (R) and U.S. Trade Representative Jamieson Greer hold a news conference in Geneva, Switzerland, May 12, 2025, to give details of &#8220;substantial progress&#8221; following a two-day closed-door meeting between U.S. and Chinese officials aimed at ending a tariff war.<\/span><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>                FABRICE COFFRINI\/AFP\/Getty<\/p>\n<p>                          <\/span><br \/>\n              <\/figcaption><\/figure>\n<p><em>This developing story will be updated.<\/em>\u00a0<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" 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and<\/p>\n","protected":false},"author":1,"featured_media":25108,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[349,157,799,246],"class_list":["post-25107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-china","tag-donald-trump","tag-tariffs","tag-taxes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. and China to ease tariffs significantly for 90 days, White House announces - World News<\/title>\n<meta name=\"description\" content=\"The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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