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US, China Agree to Slash Tariffs in 90-Day Trade Truce

  • #China
  • #United States of America
  • #Politics
  • #Economic conditions & trends
US, China Agree to Slash Tariffs in 90-Day Trade Truce
story
MAY 12
Above: Scott Bessent (R) and Jamieson Greer hold a news conference in Geneva on May 12, 2025. Image copyright: Fabrice Coffrini/Contributor/AFP via Getty Images
story last updated MAY 13

The Spin

Pro-establishment narrative

This 90-day truce is a strategic win for American interests as it strengthens U.S. economic leverage, supports domestic industries, and fosters fairer trade practices. Additionally, it addresses longstanding trade imbalances, reinforces the Trump administration's "America First" trade policy, stabilizes markets, and fosters continued negotiations on critical issues.

New York Post

Pro-China narrative

This is a significant breakthrough in U.S.-China trade relations, which is expected to stabilize bilateral trade, benefiting producers and consumers alike. The establishment of a new consultation mechanism would ensure ongoing dialogue and cooperation, fostering a more predictable and mutually beneficial economic relationship.

Global Times

Metaculus Prediction


Public Figures

Donald Trump

Scott Bessent


The Controversies


UNLIKELYLIKELY
Status:Open
Will There Be a US-China War?
Controversy
MAY 13MAY 13

NO TIME SOONSOON
Status:Open
Will China's GDP Overtake the US, And If So When?
Controversy
MAY 13MAY 13

UNLIKELYLIKELY
Status:Open
Will the Proposed Trump Tariffs Increase the Price of Groceries/Goods/Services?
Controversy
MAY 13MAY 13

Articles on this story

Treasury yields soar as U.S. and China agree to slash tariffs
CNBCMAY 21
US and China agree to drastically roll back tariffs in major trade breakthrough
CNNMAY 21
China and US agree 90-day pause to trade war initiated by Donald Trump
GuardianMAY 21
Trump claims total reset of US-China ties as 90-day pause to trade war agreed
GuardianMAY 21
China, US Slash Trade Tariffs in 90-Day Deal
NewsweekMAY 21
ReutersMAY 21
What Have China United States Agreed Geneva 2025 05 1
ReutersMAY 21
U Suspends Bulk Of Tariffs On Chinese Goods Huu8Yzn1Accqt5Pdsow
Wall Street JournalMAY 21