The 90-Day Trade Deal Between US and China—What Has Been Agreed to So Far
May 13, 2025 No Comments
Washington and Beijing reached a temporary deal that rolled back many of the moves the countries have made against each other since April 2.
Washington and Beijing reached a temporary deal that rolled back many of the moves the countries have made against each other since April 2.
China and the United States announced on Monday that tariffs will be significantly reduced for a 90-day period, a development that came after weekend trade negotiations in Geneva, Switzerland.
Experts say the tariff standoff is beyond economic conflict; Trump and Xi are contesting U.S. economic might versus communist political control.
We already knew that most economists are quite bad at economic policy. Unfortunately, foreign policy appears not to be much of a strength either. Indeed, it appears most financial experts may not even know the difference, based on their criticism of Donald Trump’s recent tariff threats against Mexico, Canada and China.
The bipartisan view in Washington is that China has consistently gamed the international system, and those in Washington urging more sanctions and an acceleration of efforts to reduce dependencies on China will be emboldened.
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