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May26, 2025

Anna Murray 

Days after the May 12 agreement between American and Chinese negotiators in Geneva, the US and China announced a surprising truce in their mounting tariff war. Chinese analysts praised the tariff truce as a victory for the country.

After two days of negotiations with US officials, China has convinced President Donald Trump’s administration to roll back most of its 145% tariff rate. The 90-day pause reduces U.S. import charges on Chinese goods from 145% to 30%, while Chinese tariffs on U.S. goods fall from 125% to 10%.

US-China relations will not improve. Trump's confrontational measures have dimmed the prospects for a China-US summit. Trump's tariffs and the worldwide reaction may potentially be seen as a victory for President Xi Jinping.