News & Reviews: Tariff reduction 115
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May 13, 2025
The United States and China have agreed to reduce tariffs by 115% starting May 14 for 90 days. The agreement was reached when representatives from both countries met in Geneva, Switzerland, yesterday. The United States currently only imposes a 30% import tariff on China while China only imposes a 10% tariff. So, what should you know about it?
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