U.S. and China will slash their tariffs on each other for 90 days — U.S. tariffs will drop to 30%, Chinese tariffs cut to 10%

BREAKING overnight: U.S. and China will slash their tariffs on each other for 90 days — U.S. tariffs will drop to 30%, Chinese tariffs cut to 10% https://t.co/Z05psl8Rd8

— Axios (@axios) May 12, 2025