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US and China Reach Deal to Slash Tariffs, Officials Say

2025-05-12T074000Z_964107267_RC27GEA4J077_RTRMADP_3_USA-TRUMP-TARIFFS-CHINA-TALKS

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Reuters

16:43 JST, May 12, 2025

GENEVA, May 12 (Reuters) – The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has disrupted the global economy and set financial markets on edge.

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