U.S. and China Agree to Temporarily Slash Tariffs in Bid to Defuse Trade War

The U.S. Treasury secretary, Scott Bessent, right, and the U.S. trade representative, Jamieson Greer, in Geneva on Monday.Credit...Fabrice Coffrini/Agence France-Presse — Getty Images
Daisuke WakabayashiAmy Chang ChienAlan Rappeport
By Daisuke WakabayashiAmy Chang Chien and Alan Rappeport
Daisuke Wakabayashi reported from Seoul; Amy Chang Chien from Taipei, Taiwan; and Alan Rappeport from Washington.

May 12, 2025
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The United States and China took a step on Monday to defuse the trade war between the world’s two largest economies.