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CNBC World NewsMay 12, 2025
CNBC Daily Open: The U.S.-China deal revives markets and the idea of a 'Trump put'
Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10% — much more than expected.

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China Tariffs on US: How 2024 Compares to 2025 (Newsweek)

CNBC World NewsMay 12, 2025
China sees the U.S. trade deal as a huge win for Beijing
The sky-high tariffs imposed by President Donald Trump on imports from China have largely been rolled back temporarily under the trade agreement.

Washington Post World NewsMay 12, 2025
China and U.S. agree to slash tariffs for 90 days while they negotiate
The agreement lowers tensions in the trade war but does little to change the overall direction of deteriorating ties between Beijing and Washington, analysts say.
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