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US and China strike deal to slash tariffs

By Abigail Townsend

Date: Monday 12 May 2025

(Sharecast News) - The US and China are to significantly lower tariffs, it was confirmed on Monday, after a key agreement was struck in Geneva over the weekend.
The world's two largest economies will now cut levies for the next 90 days. Washington will reduce tariffs on Chinese goods to 30%...

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