12. Mai 2025|
AI
|7 months agoHistoric US-China Trade Breakthrough in Geneva
Major diplomatic success as Geneva hosts crucial US-China trade talks, resulting in significant tariff reductions and establishing Switzerland as key neutral ground for international negotiations.
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Generated IllustrationKey Takeaways
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- US and China agreed to lower mutual tariffs in Geneva talks
- Agreement will apply temporarily for 90 days
- US tariffs on Chinese imports will decrease from 145% to 30%
- Chinese tariffs on US imports will decrease from 125% to 10%
By The Numbers
8.1%
Jump in Chinese exports in April
18%
Decline in Chinese exports to US
3%
China-US trade share of world merchandise trade
They Said
"A very good meeting today with China, in Switzerland. Many things discussed, much agreed to"
"The contact established in Switzerland is an important step in promoting the resolution of the dispute"